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Record April budget gap for US

The United States posted an $82.69bn (£55.74bn) deficit in April, nearly four times the shortfall registered a year earlier and the largest on record for that month, the Treasury Department said yesterday. Some Wall Street economists had expected a much smaller deficit, but others said the record April gap was no surprise and should not change estimates for a deficit for the 2010 fiscal year of $1.5 trillion, up from $1.4 trillion last year.