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US budget deficit up 60.7% in first 3 months of budget year

WASHINGTON — The U.S. government's deficit in the first three months of the budget year was a record-breaking $572.9 billion, 60.7% higher than the same period a year ago, as spending to deal with the COVID-19 pandemic surged while revenue declined. The Treasury Department reported Wednesday that three months into the budget year, the deficit was ...

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