Stock Market Update
12-Mar-25 14:25 ET
February treasury deficit reaches $307 billion, pushing year-to-date total to record $1.15 trillion
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[BRIEFING.COM] The S&P 500 (+0.54%) is firmly in second place on Wednesday afternoon, showing a muted reaction to the February Treasury Budget which hit at the bottom of the hour.
The Treasury Budget for February showed a deficit of $307.0 billion compared to a deficit of $296.3 billion in the same period a year ago. The February deficit resulted from outlays ($603.4 billion) exceeding receipts ($296.4 billion). The Treasury Budget data are not seasonally adjusted so the February deficit cannot be compared to the January deficit of $128.6 billion.
The key takeaway from the report is that the deficit now stands at a record $1.15 trln through the first five months of the fiscal year, driven in part by rising Medicare costs and increasing interest payments on government debt.
