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Budget deficit in US narrows on record revenue for October

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The U.S. budget deficit last month narrowed more than economists forecast as rising employment contributed to the strongest October revenue on record. Spending exceeded receipts by $91.6 billion last month, compared with a $120 billion shortfall in October 2012, the U.S. Treasury Department said today in Washington. The median estimate in a Bloomberg survey of 16 economists was for a $102...

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