Budget Deficit in U.S. Narrows in February as Hiring Strengthens
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The budget deficit in the U.S. narrowed in February from a year earlier as a stronger economy helps improve the nation’s fiscal position, Treasury Department figures showed.
Spending exceeded revenue by $192.3 billion last month, compared with a $193.5 billion deficit in the same month the prior year, the department said in a report released today in Washington. The median estimate in a Bloomberg survey of 21 economists was for a $191 billion deficit.