U.S. Ran $175.6 Billion Deficit in February

The federal government posted a $175.6 billion deficit in February, according to Treasury Department figures released yesterday.

The February deficit followed a January surplus of $17.8 billion.

The government took in $105.722 billion in receipts, while spending $281.288 billion.

Receipts on personal income taxes totaled $24.400 billion, bringing the total to $446.900 billion in the current fiscal year.

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