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U.S. budget deficit rose in February to $215.2 billion

March 12, 2018 7:25 PM
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U.S. budget deficit rose in February to $215.2 billion

WASHINGTON — The federal government recorded a budget deficit of $215.2 billion in February, up significantly from a year ago as the impact of the GOP tax cuts passed in December begin to surface.

The Treasury Department reports that the February deficit was 12.1% higher than a year ago, reflecting in part a drop of $5 billion in individual withholding taxes paid last month compared to a year ago.

Also read: U.S. Housing Starts Rose in August

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