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Economic Report: U.S. runs largest monthly budget deficit on record in February

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The US Treasury Department in Washington, DC is seen on August 08, 2011.

The numbers: The federal government ran a budget deficit of $234 billion in February, the Treasury Department reported on Friday, the biggest monthly shortfall on record.

It was wider than the $215 billion recorded in February 2018, as spending rose 8% while receipts climbed 7%. Previously, the largest monthly deficit was $231.7 billion in February 2012.

The release of the February figures was later than normal due to the 35-day shutdown that ended Jan. 25.

What happened: Total spending was $401 billion in February while the government took in $167 billion.

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