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US budget deficit narrows in August as year-to-date gap holds at $1.97tn

The US federal budget deficit shrank in August, leaving the year-to-date shortfall essentially unchanged at $1.97 trillion as spending and revenue growth stayed broadly in step.

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The US federal budget deficit shrank in August, leaving the year-to-date shortfall essentially unchanged at $1.97 trillion as spending and revenue growth stayed broadly in step.