U.S. Deficit Tops $1T For Third Straight Year

(WASHINGTON) — The United States' budget deficit has topped $1 trillion for a third straight year, adding pressure on Congress and the White House to make more progress a long-term plan to shrink the growing imbalance.

The Treasury Department said Wednesday that the deficit through July totals $1.1 trillion. Three years ago, that would have been a record high for the full year.

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