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The U.S. Treasury Department released its federal budget data on Thursday. The budget deficit increased to $136.0 billion in October, missing expectations for a deficit of $130.0 billion, down from a surplus of $91.0 billion in September.
The budget deficit rose due to shifts in the timing of some payments.
In the first month of the fiscal year 2016, which ends at September next year, the budget deficit totalled $348 billion, 4% higher than a year ago.
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