Contact Us

US Budget Deficit Hits $193.5 Billion in February

Pile of Money
Ingram Publishing

WASHINGTON (MARTIN CRUTSINGER, AP Economics Writer) — The U.S. government is running a deficit that is 23.6 percent lower than in the same period a year ago through the first five months of this budget year, another sign of improvement in the nation’s finances.

In its monthly budget report, the Treasury Department says the deficit for February totaled $193.5 billion, the largest monthly imbalance in a year. The government traditionally runs large deficits in February, a month when it is sending out tax refund payments.

For the period from October through February, the deficit totals $377.4 billion.

Last week, President Barack Obama sent Congress a new budget which projects the deficit will fall to $649 billion this year, down from a $680 billion deficit last year.

More from Newstalk 1050

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://ksisradio.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on KSIS Radio 1050 AM, News-Sports-Weather quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on KSIS Radio 1050 AM, News-Sports-Weather quickly by logging in with your Facebook account. It's just as secure, and no password to remember!