U.S. government deficit in Oct. larger than expected
The federal government ran a $63.2 billion deficit in October, the Treasury Department reported Monday.
Outlays in October totaled $298.555 billion. Receipts totaled $235.341 billion.
In October 2016, the government ran a $45.8 billion deficit.
Economists polled by IFR Markets predicted a $50.0 billion deficit.
In September, the government ran an $8.0 billion surplus.
October is the first month of the fiscal year.