A new record for Federal Deficit at $311.4 billion in 6 months - Up 20.5% from last year alone

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The Treasury Department reported Thursday that the deficit through the first six months of the budget year totaled $311.4 billion, up 20.5% from the same period a year ago. That was the largest deficit for the first half of a budget year on record, surpassing the old six-month mark of $302 billion set in 2006.

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