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March 13, 2014 AT 9:36 AM
The U.S. government posted a smaller budget deficit than expected in February as receipts came in stronger than in the same period a year ago. The federal government ran $193.5 billion into the red last month, the Treasury Department said on Thursday in a monthly budget statement. Analysts polled by Reuters expected a budget deficit of $212.0 billion. Receipts totaled $144 billion in February, up from $123 billion in February 2013.