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Ahead of the Bell: US Budget Deficit
The Treasury Department reports the U.S.budget deficit for October. The report was released at 2 p.m. EST. DECLINING DEFICIT: The deficit fell in the budget year that ended Sept. 30 to $680.3 billion. It was the first time in five years that the deficit dropped below $1 trillion. The deficit is the gap between the government’s tax revenue and its spending. It was $1.09 trillion in 2012, and reached a record $1.4 trillion in 2009...Read More
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