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US budget deficit reported at $316B in May

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The U.S. budget deficit was roughly $316 billion in May, according to a Treasury Department report.

The year-to-date total was reported at $1.36 trillion.

The annual tally is 14% higher than a year earlier. The May total was 9% less than the shortfall in the same month of 2024.

Read more from CNBC.

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