U.S. Posts a Record $222.5 Billion Monthly Budget Shortfall
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The U.S. government, facing a record annual fiscal shortfall and a congressional impasse over financing, posted the largest monthly deficit ever in February, reflecting increased spending.
The gap totaled $222.5 billion last month compared with a $220.9 billion shortfall in February 2010, according to the Treasury Department’s monthly budget statement released today in Washington. Last February’s deficit was the previous monthly record, government data show.