US budget deficit running 41.8 per cent above last year

WASHINGTON — The federal budget deficit in December totalled $13.5 billion, helping to push the deficit for the first three months of this budget year up 41.8 per cent from the same period the previous year.

The Treasury Department said Wednesday that the budget deficit from October through December totals $318.9 billion, up from a deficit of $225 billion for the same three months in the previous year.