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February Treasury Budget: $234.0B Gap.......>

US DATA
US DATA: February Treasury Budget: $234.0B Gap
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- Budget gap $234.0b, larger than the $227.0b gap expected by BBG, MNI and
$215.2b in Feb 2018
- Feb 2019 receipts +7% from Feb 2019, with withheld taxes +5%. Feb outlays +8%
from Feb 2018 
- FYTD19 gap $544.3b vs $391.0b in FYTD18, with receipts -1%, but outlays +9%.
- Largest YTD outlays gains in Medicare, Defense, and Social Security

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