WASHINGTON — The federal government began its new budget year with an October deficit of $63.2 billion, up sharply from a year ago.
The Treasury Department says the October deficit was 37.9
Both government receipts and spending were up for the month with receipts climbing 14.3
The deficit for the 2017 budget year, which ended on Sept. 30,
Many forecasters believe the deficit will rise higher in the current budget year, reflecting the impact of proposed tax cuts Congress is considering and hurricane relief.