People walk past the U.S. Capitol on election day in Washington November 2, 2010.    REUTERS/Jonathan Ernst    (UNITED STATES - Tags: POLITICS ELECTIONS)

People walk past the U.S. Capitol on election day in Washington November 2, 2010. REUTERS/Jonathan Ernst (UNITED STATES - Tags: POLITICS ELECTIONS) (Reuters)

May Budget Deficit Up From Year Earlier

Politics Reuters

The U.S. government posted a budget deficit of $125 billion in May, more than twice the level registered in the same month last year.

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So far this fiscal year, the budget deficit stands at $844.5 billion, narrower than at the same time a year ago.

Under the government's accounting system, October is the opening month of fiscal 2012. During fiscal 2011 which ended Sept. 30, the budget deficit totaled $1.296 trillion.

(Reporting by Pedro Nicolaci da Costa)

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