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Tuesday, June 19, 2018, 9:43 a.m.

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Budget deficit jumps in February

$215.25B shortfall includes $5B in tax cuts passed last year

By MARTIN CRUTSINGER The Associated Press

This article was originally published March 13, 2018 at 2:55 a.m. Updated March 13, 2018 at 2:55 a.m.

Graphs showing information about the budget and debt of the United States

WASHINGTON -- The federal government recorded a budget deficit of $215.25 billion in February, up significantly compared with the same month a year ago as the GOP tax cuts passed in December take effect.

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