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US budget deficit widens $139 billion in May

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WASHINGTON (AP) — The government reported Wednesday that the U.S. budget deficit widened in May by $139 billion. But the annual deficit stayed on track to finish below $1 trillion for the first time since 2008. Steady economic growth and higher tax rates have boosted the government's tax revenue. At the same time, government spending has barely increased. With the May increase, the deficit...

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