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Budget Deficit Join now to read essay Budget Deficit Summary The U.S. recorded a budget deficit of $248 billion in the fiscal year ended September 30, $48 billion less than the government predicted in August and the narrowest spending gap since 2002. Revenue increased 12 percent from the previous fiscal year, led by a 27.
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Bush AdministrationCurrent President George W. BushFiscal YearU.S. Budget Deficit