US budget deficit eases to $165B in October, down 42%

US budget deficit eases to $165B in October, down 42%

By MATT OTT
The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic.
The Treasury Department reported Wednesday that the federal government posted a deficit of $165 billion last month. That was 42% lower than the same month last year when it rang up a record…

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