Published November 13, 2014 2:00pm EST | Updated January 8, 2015 2:52pm EST

U.S. October Budget Deficit Widens To $122 Billion: Treasury

The U.S. government ran a budget deficit of $122 billion in October, the Treasury Department said Thursday. The shortfall is $31 billion, or 34%, more than in the same month a year ago. The government spent $334 billion in October, an increase of 16% from last October. Receipts totaled $213 billion in October, an increase of 7%. October is the first month of the 2015 fiscal year, which runs through September.