January deficit grows by $50B, on pace for $1.5T (AP)

WASHINGTON – The federal government's budget deficit grew by $ 50 billion in January and is expected to finish the year as the highest in history.
The Treasury Department said Thursday the deficit was one of the highest ever for the month of January, second only to the $ 63 billion deficit recorded two years ago. For the first four months of this budget year, the deficit totaled $ 418.8 billion, 2.7 percent lower than the same period a year ago.

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