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Federal Deficit Jumps 17 Percent As Tax Cuts Eat Into Government Revenue

Treasury Building in Washington, D.C. The trend toward rising red ink was widely anticipated, given the GOP tax cuts and other government policies, including the president's demand for beefed-up military spending. (Getty Images)
Treasury Building in Washington, D.C. The trend toward rising red ink was widely anticipated, given the GOP tax cuts and other government policies, including the president's demand for beefed-up military spending. (Getty Images)

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