US government posted a deficit of $ 100 billion in October Latest news

The US Federal Reserve reported a $ 100 billion deficit in October, the first months of the new fiscal year, according to data released by the US Treasury Department.

The shortage was in line with analyst expectations.

According to the Treasury, federal spending rose 18 percent from a year earlier to $ 353 billion in October, while sales increased 7 percent to $ 253 billion.

When calculating the difference, the deficit was $ 110 billion last month, up from $ 111 billion in October 2017.

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