WASHINGTON – The U.S. government posted a $49.8 billion deficit in January, the Treasury Department reported Thursday.
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The 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 revenues.
It was the second-highest January deficit, exceeded only by the January 2009 deficit.
For fiscal 2011 through January, the government had a $418.8 billion deficit, down about $12 billion from the first four months of fiscal 2010.
