U.S. February Budget Deficit Falls To $192 Billion

The federal government ran a budget deficit of $192 billion in February, the Treasury Department said Thursday. That's slightly less than the February 2014 deficit of $194 billion, and brings the government's budget shortfall for the fiscal year to date to $387 billion. For the month, the government spent $332 billion, down 2% from a year ago. Total receipts were $139 billion in February, down 3% from February 2014. The government's budget year runs from October through September.