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Budget Deficit in U.S. Widened to $134.2 Billion in August

The U.S. government’s budget deficit widened in August, primarily reflecting a calendar-related jump in spending compared with the same month last year.

The gap climbed to $134.2 billion last month, exceeding the August 2010 shortfall of $90.5 billion, according to the Treasury Department’s monthly budget statement issued in Washington. For the fiscal year to date, the deficit increased to $1.23 trillion, less than at the same point in 2010.