US budget deficit surges to $134.5 billion in October

  • This June 12, 2019, file photo shows the U.S. Capitol dome in Washington. On Wednesday, Nov. 13, the Treasury Department releases federal budget data for August. (AP Photo/Patrick Semansky, File)

WASHINGTON — The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record.

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