US government runs $120 billion October deficit

Associated Press
US government runs $120 billion October deficit

This Tuesday, Nov. 13, 2012, photo shows the Capital building in Washington. The federal government started the 2013 budget year with a $120 billion deficit, an indication that the U.S. is on a path to its fifth straight $1 trillion-plus deficit. Another soaring deficit puts added pressure on President Barack Obama and Congress to seek a budget deal in the coming weeks. (AP Photo/J. Scott Applewhite)

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