U.S. October Budget Deficit Widens To $122 Billion: Treasury

The U.S. government ran a budget deficit of $122 billion in October, the Treasury Department said Thursday. The shortfall is $31 billion, or 34%, more than in the same month a year ago. The government spent $334 billion in October, an increase of 16% from last October. Receipts totaled $213 billion in October, an increase of 7%. October is the first month of the 2015 fiscal year, which runs through September.

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