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US Treasury reports $221 bn record deficit
The US Treasury Department reports a budget deficit of 221 billion dollars, the highest in 17 months as spending increased to help revive the ailing economy. The excess of spending over revenue increased to $221 billion last month, compared to a shortfall of $194 billion in February 2009, according to Treasury Department figures released on Wednesday. The figures show the deficit this year will likely surpass the record $1.4 trillion in the fiscal year that ended in September.