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Economy

Feds run $107B deficit in June

By Joseph Lawler
Published
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Feds run $107B deficit in June

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.

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Budgets and Deficits Joseph Lawler Treasury Department