U.S. government deficit in May larger than expected

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The federal government ran a $146.8 billion deficit in May, the Treasury Department reported Tuesday.

Outlays in May totaled $363.871 billion. Receipts totaled $217.075 billion.

In May 2017, the government ran an $88.4 billion deficit.

Economists polled by IFR Markets predicted a $144.0 billion deficit.

In April, the government ran a $214.3 billion surplus.

For the fiscal year to date, the government has a $532.2 billion deficit, compared to a $432.9 billion deficit for the similar period in fiscal 2017.

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