The U.S. had a budget deficit of $122 billion in October, up 34 percent from $91 billion gap reported in the same period last year.
In October, receipts totaled $213 billion, up 7 percent from the the same period a year ago while outlays totaled $334 billion, up 16 percent.
The deficit was the largest for the month of October since 2011.
The budget results were affected by differences in the calendar. If adjusted for timing-related transactions, the budget gap in October would have been $84 billion.
11/13/2014 7:18:24 PM