WASHINGTON (Reuters) - The U.S. federal government posted a budget deficit of $14 billion in December, compared with a surplus of $2 billion in the same month a year earlier, the Treasury Department said on Wednesday.
The current fiscal year-to-date deficit stood at $216 billion, according to the Treasury’s monthly budget statement. Receipts last month totaled $350 billion, while outlays were at $364 billion.
Accounting for calendar adjustments, December would have shown a surplus of $38 billion compared to an adjusted surplus of $19 billion for December 2014.
Reporting by Megan Cassella; Editing by Andrea Ricci