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U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% from a year ago

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    Posted by Two Blokes Jun 11 - Filed in General - #TwoBlokesTrading  - 7 views
    After running a short-lived surplus in April thanks to tax season receipts, the deficit totaled just over $316 billion for the month, taking the year-to-date total to $1.365 trillion. Surging financing costs were again a major contributor to fiscal issues, with interest on the $36.2 trillion debt topping $92 billion.