WASHINGTON — The U.S. government is running a deficit that is 23.6 percent lower than in the same period a year ago through the first five months of this budget year, another sign of improvement in the nation's finances.
In its monthly budget report, the Treasury Department said Thursday that the deficit for February totaled $193.5 billion, the largest monthly imbalance in a year. The government traditionally runs large deficits in February, a month when it is sending out tax refund payments.
For the period from October through February, the deficit totals $377.4 billion, down from $493.95 billion a year ago.
Read tomorrow's Arkansas Democrat-Gazette for full details.