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U.S. runs $63 billion budget deficit in October
November 13, 2017 / 7:07 PM / 11 days ago

U.S. runs $63 billion budget deficit in October

WASHINGTON (Reuters) - The U.S. federal government ran a $63 billion deficit in October as Washington ramped up spending, the Treasury Department said on Monday.

The government boosted outlays in October to $299 billion, up $31 billion from the same month of last year. Revenues grew to $235 billion, up $14 billion from a year earlier.

The deficit was in line with expectations of analysts polled by Reuters.

Accounting for calendar differences, the deficit widened in October to $116 billion from $86 billion in the same month of 2016.

Reporting by Jason Lange; Editing by Andrea Ricci

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