US October Budget Deficit Jumps to $100.5 Billion

The federal government recorded a deficit of $100.5 billion in October, a big increase from a year ago that was primarily caused by quirks in the calendar.  The Treasury Department said Tuesday that the deficit shot up 59 percent from the same month a year ago. Last year's October deficit was smaller because the government paid $48 billion in benefits in September — and that was...

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