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Federal Deficit Narrowed in June as Spending Fell, Receipts Rose
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wsj.comThe federal government ran an $89 billion deficit during June, a 49% decline from a year earlier, as spending fell and revenue increased.
Federal outlays in June dropped by 12% to $550 billion, not adjusting for calendar differences, the Treasury Department reported Wednesday. That reflected a reduction in spending on pandemic programs, including at the Small Business Administration and Treasury and Labor Departments.
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