February 12, 2014 / 7:09 PM / 4 years ago

U.S. budget deficit smaller than expected in January

WASHINGTON (Reuters) - The United States posted a smaller budget deficit than expected in January, a sign that a stronger economy is helping government coffers through a rise in tax receipts.

The federal government ran $10.4 billion into the red last month, the Treasury Department said on Wednesday in a monthly statement. Analysts polled by Reuters expected a budget deficit of $27.5 billion.

Reporting by Jason Lange; Editing by Paul Simao

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