U.S. Markets close in 1 hr 26 mins

U.S. budget deficit grew slightly in first four months of FY 2015-CBO

WASHINGTON, Feb 6 (Reuters) - The Congressional Budget Office on Friday estimated a $195 billion U.S. budget deficit for the first four months of the current fiscal year, up from $183 billion in the same period last year.

The CBO said the $12 billion increase in the deficit for the October-January period was largely driven by lower payments to the U.S. Treasury this year from government-controlled mortgage finance groups Fannie Mae and Freddie Mac compared to the prior year period. Both receipts and outlays were up by about 8 percent, the non-partisan budget agency said.


(Reporting By David Lawder; Editing by Sandra Maler)