U.S. August budget deficit $134 billion

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U.S. August budget deficit $134 billion (by Robert Schroeder)

WASHINGTON (MarketWatch) - The federal government ran a budget deficit of $134 billion in August, the Treasury Department reported Tuesday, $44 billion more than the shortfall recorded in the same month last year. Much of the increase was due to the timing of payments for certain government benefits, Treasury said. The latest monthly figure pushes the year-to-date deficit to $1.23 trillion, $25 billion above where it was in August 2010.

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