U.S. budget deficit climbs to record $2.81 trillion

THE U.S. BUDGET DEFICIT increased by $63 billion in July. / AP FILE PHOTO/SUSAN WALSH
SILVER SPRING, Md. (AP) – The United States budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday. The nation's budgetary shortfall is expected to eventually reach levels for the fiscal year more than double the largest annual deficit on record.…

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