Gov't monthly spending hits new record - $250 Billion creating Monthly Deficit = $85.5 Billion

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In its monthly accounting of the government's books, the Treasury Dept reported Wed that federal spending totaled $250 billion last month, up 13.7 percent from March 2005. Government receipts also were up, rising 10.6 percent from a year ago, to $164.6 billion. That left a deficit for the month of $85.5 billion, a record imbalance for March.

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