Federal government posts record budget deficit in February, pushing the overall deficit for the first five months of the budget year up 39% from one year ago.
FILE- In this Feb. 22, 2019, file photo the dome of the U.S. Capitol Building is visible in reflection in Washington. On Friday, March 22, the Treasury Department releases federal budget data for February. The federal government posted a record budget deficit in February, pushing the overall deficit for the first five months of the budget year up 39 percent from a year ago.
For the first five months of this budget year that began on Oct. 1, the deficit totals $544.2 billion, up from a deficit of $391 billion in the previous budget year. The administration's 2019 forecast would represent a 40 percent increase from last year's deficit of $779 billion.
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