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Deficit hits $1 trillion in June for second year

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Posted on July 9 2010 8:15 am
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by Walter Alarkon

The federal deficit in June surpassed the $1 trillion mark for the second straight year, but it’s on pace to be slightly lower than last year.

The deficit was $1.005 trillion at the end of June for fiscal year 2010, which is $81 billion less than it was after nine months of fiscal 2009, according to a Congressional Budget Office (CBO) report released late Wednesday.

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