US on track for first $1 trillion budget deficit since 2012

The U.S. budget deficit through the first four months of this budget year is up 19% from the same period a year ago.
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WASHINGTON (AP) The U.S. budget deficit through the first four months of this budget year is up 19% from the same period a year ago, putting the country on track to record its first $1 trillion deficit since 2012.

The Treasury Department said Wednesday in its monthly budget report that the deficit from October through January was $389.2 billion, up $78.9 billion from the same period last year.