U.S. government posts $205 billion deficit in November

U.S. government posts $205 billion deficit in November
FILE PHOTO: A security guard walks in front of an image of the Federal Reserve following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, DC, U.S. on March 16, 2016. REUTERS/Kevin Lamarque/File Photo -
Kevin Lamarque(Reuters)
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WASHINGTON (Reuters) – The U.S. federal government ran a $205 billion (£162.1 billion) deficit in November, according to data released on Thursday by the Treasury Department.

Analysts polled by Reuters had expected a $188 billion deficit for last month.

Treasury said federal spending in November was $411 billion, up 18 percent from the same month in 2017, while receipts were $206 billion, down 1 percent compared to November 2017.

The total deficit for the first two months of the current fiscal year has widened 51 percent, to $305 billion, compared to $202 billion in the first two months of the prior fiscal year.

(Reporting by Howard Schneider; Editing by Paul Simao)

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