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US BUDGET DEFICIT FALLS TO 5-YEAR LOW

Matthew BoeslerOct 31, 2013, 02:05 IST

REUTERS/Jonathan ErnstU.S. Treasury Secretary Jack Lew.

The U.S. Treasury Department just released its fiscal-year 2013 and September budget results.

The September budget surplus was $75.1 billion (versus the $69 billion estimated by economists).

Perhaps the more notable figure is the fiscal-year 2013 deficit, which at $680.3 billion is at a five-year low.

The government spent $3.45 trillion over the year while taking in $2.77 trillion - a record for revenue.

More to come...