US posts larger March deficit.
- March 2014 budget balance was -$37B
- Year-to-date deficit at $439B vs $413B last year
- March outlays $287B vs $253B last year
- March receipts $234B vs $216B last year
Fitch was just out with a positive take on US finances. I'll assume that some one time items have led to a weaker performance this year.