According to Reuters, the U.S. government posted a $147 billion budget deficit in March. Analysts had been expecting a $180 billion deficit for the month.
According to The Treasury, March spending was $376 billion, down 10 percent from March 2018. At the same time, receipts were $229 billion, which is up 9 percent compared with March 2018.
A year ago, the deficit for the fiscal year was $600 billion. Now, it has ballooned to $691 billion.
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