U.S. budget deficit jumps in first nine months of fiscal year

THE TREASURY DEPARTMENT released a report that said that the United States budget deficit has increased 16 percent in the first three quarters of Donald Trump's first full fiscal year as president. / BLOOMBERG FILE PHOTO/ANDREW HARRER
THE TREASURY DEPARTMENT released a report that said that the United States budget deficit has increased 16 percent in the first three quarters of Donald Trump's first full fiscal year as president. / BLOOMBERG FILE PHOTO/ANDREW HARRER
NEW YORK - The United States budget deficit widened by 16 percent to $607 billion three-quarters of the way through Donald Trump’s first full fiscal year as president, as spending accelerated faster than revenue. The shortfall in the nine months through June was larger than the $523 billion gap in the same period of fiscal…

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