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