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Federal Deficit Down Slightly

The federal government continued to run up substantial deficits last month though they were less than projected, the Treasury Department reported today.

By Claude R. Marx | Updated on September 10, 2009

The federal government continued to run up substantial deficits last month though they were less than projected, the Treasury Department reported today.

The deficit was $111.4 billion in August, a slight decrease from the $114.9 billion in August 2008. Some economists predicted the deficit would be $152 billion last month.

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