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News Link • Government Debt & Financing

US Budget Deficit Hits A Record $234 Billion As Interest On Debt Soars

• by Tyler Durdan

According to the latest Treasury data, the US budget surplus in February - traditionally the worst month of the year due to tax refunds - was a whopping $234 billion, missing the $227 billion deficit expected, and well worse than the $214 billion deficit recorded last February. And even though there may have been one-time tax refund and government shutdown factors at play, the February deficit was also the biggest budget deficit on record.

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