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Federal Government Runs Deficit for 13th Consecutive Month
NextGov: The federal government concluded the first month of fiscal 2021 much the same way it executed all of fiscal 2020—spending hundreds of billions of dollars it doesn’t have.
On Thursday, the Treasury Department said the federal government ran a $284 billion budget deficit in October—more than double the deficit it ran last October—in spending $522 billion while collecting only $237 billion in taxes.
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