The Treasury Department reported Monday that the U.S. budget deficit grew to $867 billion for the first 10 months of the fiscal year, an increase of 27 percent compared to this time in 2018.
The deficit for fiscal year 2018 was $779 billion. The fiscal year ends on Sept. 30, and the White House's Office of Management and Budget predicts by that point, the deficit will reach $1 trillion for the year.
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