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U.S. Posts Biggest Budget Deficit Since 2012

  • Revenue fell 9%, spending rose 2% in February: Treasury data
  • Wider gap could fuel concerns about tax cut-driven debt load
Views Of D.C. As Senate Is Expected To Approve A Sweeping Revamp Of Financial Rules This Week
Photographer: Andrew Harrer/Bloomberg

The U.S. recorded a $215 billion budget deficit in February -- its biggest in six years -- as revenue declined.

Fiscal income dropped to $156 billion, down 9 percent from a year earlier, while spending rose 2 percent to $371 billion, the Treasury Department said on Monday. The deficit for the fiscal year that began in October widened to $391 billion, compared with a $351 billion shortfall the same period a year earlier, according to the Treasury report.