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Federal government runs $134 billion budget deficit in November, CBO estimates

The U.S. government ran a budget deficit of $134 billion in November, the Congressional Budget Office said in an estimate on Thursday. That’s $2 billion less than the same month last year. For the month, receipts were up $10 billion and spending rose by $8 billion. In the first two months of fiscal 2018, the deficit is running $15 billion higher than in the same period a year ago. The government’s budget year begins in October and runs through September.

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