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Budget deficit may go below $1 trillion

By Martin Crutsinger
Associated Press / December 13, 2011
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The federal government is on pace to run a deficit below $1 trillion for the first time in four years, modest progress in the face of intense debate in Washington over spending. The Treasury Department said yesterday that the deficit was $137 billion in October. That brings the total for the first two months of the budget year to $236 billion - $55 billion less than the same two months last year.

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