WASHINGTON — The federal government ran a $65.4 billion deficit in March while collecting savings from federal financial assistance programs, the Treasury Department announced yesterday.

Outlays totaled $218.7 billion and receipts totaled $153.4 billion. Receipts have increased on a year-over-year basis for two consecutive months, the first back-to-back gain since April 2008.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.