U.S. March Budget Deficit Swelled to $192.3 Billion

Washington - The U.S. budget deficit surged in March as tax payments by companies and individuals dropped and the government spent more to rescue banks and revive the economy.

The excess of spending over revenue climbed to $192.3 billion, compared with a gap of $48.2 billion in the same month a year earlier. Spending increased to $321.2 billion, and revenue fell 28 percent to $129 billion.

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