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Economics

U.S. October Budget Gap Widens to $134.5 Billion From Year Ago

Jerome Powell departs following a Joint Economic Committee on Nov. 13. — Jerome Powell departs following a Joint Economic Committee on Nov. 13.
Photographer: Al Drago/Bloomberg

By

Katia Dmitrieva

November 13, 2019, 7:00 PM UTC

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The U.S. budget deficit widened in October, the first month of the fiscal year, as government spending increased and receipts declined.