Off The Wire
U.S. Government Posts $205 Billion Deficit In November
WASHINGTON (Reuters) - The U.S. federal government ran a $205 billion deficit in November, according to data released on Thursday by the Treasury Department.
Analysts polled by Reuters had expected a $188 billion deficit for last month.
Treasury said federal spending in November was $411 billion, up 18 percent from the same month in 2017, while receipts were $206 billion, down 1 percent compared to November 2017.
The total deficit for the first two months of the current fiscal year has widened 51 percent, to $305 billion, compared to $202 billion in the first two months of the prior fiscal year.
Reporting by Howard Schneider; Editing by Paul Simao