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U.S. deficit shrinks in December

It falls to $260 million from 2011’s $86 billion as tax receipts rise

Posted: January 12, 2013 at 4:25 a.m.

The U.S. government budget deficit narrowed to its best December monthly result in five years, reflecting higher revenue, lower spending and calendar-driven shifts in some payments.

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Front Section, Pages 4 on 01/12/2013

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