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WASHINGTON (AP) - The deficit for the first four months of the current budget year is down sharply from the same period a year ago as the government continues to benefit from record levels of tax collections.
The Treasury Department reported Monday that the deficit for the budget year that began Oct. 1 totals $42.2 billion, down 57.2 percent from the same period a year ago.
The amount of revenues collected from October through January were up 9.7 percent from the same period a year ago, climbing to a record level for the period of $834.1 billion.
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