U.S. Budget Gap Reaches $176.2 Billion in March: Treasury

WSJ/Kate Davidson/04-12-17

The U.S. annual budget deficit remained near its highest level in three years during March amid flat government revenues and higher federal spending.

Federal spending exceeded revenue by $176.2 billion last month, the Treasury Department said Wednesday. The budget gap was about $68.2 billion higher than a year ago. Through the first six months of the fiscal year, the deficit was about 15% wider compared with the same period a year earlier.

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