US federal deficit down to $157.3b
Ap, Washington
The federal deficit so far this budget year is running sharply lower, driven by record revenues pouring into government coffers.The Treasury Department reported on Friday that the government produced a deficit of $157.3 billion for the budget year that began last Oct. 1. That's a substantial improvement from the red ink figure of $239.6 billion produced for the corresponding 10-month period last year.
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