WASHINGTON (Reuters) - The U.S. federal government ran a $63 billion deficit in October as Washington ramped up spending, the Treasury Department said on Monday.
The government boosted outlays in October to $299 billion, up $31 billion from the same month of last year. Revenues grew to $235 billion, up $14 billion from a year earlier.
The deficit was in line with expectations of analysts polled by Reuters.
Accounting for calendar differences, the deficit widened in October to $116 billion from $86 billion in the same month of 2016.
Reporting by Jason Lange; Editing by Andrea Ricci
Our Standards: The Thomson Reuters Trust Principles.