WASHINGTON— The U.S. government posted a $49.8 billion deficit in January, the Treasury Department reported Thursday.
The federal government’s December deficit was revised to $78.1 billion from $80.0 billion.
Economists expected a $66 billion deficit for the month, according to the median estimate from Thomson Reuters.
Outlays totaled $276.3 billion in January while the government received $226.6 billion in revenue.