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Politics

Feds run $107 BILLION deficit in June

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The U.S. government ran a $107 billion deficit in the month of August, the Treasury Department reported Tuesday, bringing the shortfall for the first 11 months of the fiscal year to $620 billion.

August’s deficit, which was slightly larger than expected, reflected $338 billion in spending and $231 billion in revenues taken in during the month, both up significantly from the previous year. – READ MORE

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