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US Budget Deficit Hits Record $204.9B for November

The federal budget deficit surged to a record for the month of November of $204.9 billion, but a big part of the increase reflected a calendar quirk.    In its monthly budget report, the Treasury Department said Thursday that the deficit for November was $66.4 billion higher than the imbalance in November 2017.    But $44 billion of that figure reflected the fact that December benefits in many government entitlement programs were paid in November this year because...

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