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U.S. August budget deficit falls

Christian Fernsby |
The U.S. government on Monday posted a $171 billion budget deficit for August, 15% lower than the $200 billion gap a year ago, the Treasury Department said.

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The August deficit was $2 billion less than the average forecast by analysts in a Reuters survey.

A U.S. Treasury official said the August budget results would not alter the department’s estimates for when Treasury’s extraordinary financing measures to avoid breaching the $28.4 trillion debt limit would be exhausted.

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