US budget deficit rose in December
WASHINGTON - The federal budget deficit increased in December and for the third month is running ahead of last year's pace.
The Treasury Department says the deficit totaled $14.4 billion in December. That compares to a small surplus of $1.9 billion in December 2014.
For the first three months of this budget year, the deficit stood at $215.5 billion, an increase of 22 percent over the same period a year ago.
For the entire year, private economists are forecasting a slight improvement from last year's deficit of $438.9 billion. Continued gains in employment are expected to boost federal tax receipts.
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