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U.S. budget deficit a record $1.417 tillion

    WASHINGTON (Reuters) - The U.S. government posted a record-large $1.417 trillion deficit for its recently ended fiscal year, the U.S. Treasury said on Friday.

    The figure was $162 billion less than the White House had forecast in August, largely because of lower-than-expected spending out of the Troubled Assets Relief Program to rescue banks and other firms.

    (Reporting by Emily Kaiser; Editing by Neil Stempleman)

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