U.S. Government Ran $27.5 Billion Deficit in Dec.

The federal government ran a $27.5 billion deficit in December, the Treasury Department reported Thursday.

The December deficit was larger than the median $21.0 billion deficit predicted by economists polled by Thomson Reuters.

Outlays in December totaled $346.720 billion. Receipts totaled $319.204 billion.

In December 2015, the government ran a $14.4 billion deficit.

For the fiscal year to date, the government has a $208.359 billion deficit, compared to a $215.551 billion deficit for the similar period on fiscal 2016.

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