MSNBC economic analyst Steven Rattner claimed on Twitter March 22 that February was a record-breaking month for the federal deficit.
From Check Your Fact:
“Just in from the Treasury Dept: The largest ever deficit for a Feb bringing the 12-month tally to $932bn (32% wider Y/Y),” he tweeted.
The $234 billion deficit reported this February is the largest monthly deficit on record, including all other February deficits, according to data from the Treasury Department.
The day of Rattner’s tweet, the Treasury Department published a report calculating the federal budget deficit for the fiscal year to date, including the month of February. The federal government collected $167 billion in receipts that month and spent $401 billion, resulting in a $234 billion deficit, the largest monthly deficit on record, according to Treasury Department data dating back to fiscal year 1981.