(Worthy News) - The federal government ran a deficit of $215,248,000,000 in the month of February, while taking in $155,623,000,000 in taxes and spending $370,871,000,000, according to the Monthly Treasury Statement.
The deficit was the largest the federal government has run in February in five years (when the monthly deficits are compared in constant 2018 dollars adjusted using the Bureau of Labor Statistics inflation calculator).
However, the monthly deficit was 11.27 times more than the $19,095,650,000 drop in taxes the American people saw in February 2018 compared to February 2017. [ Source: CNS News (Read More...) ]
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