New York (CNNMoney.com) - The United States dropped a record $220.9 billion further into the red in February, the Treasury Department reported Wednesday.
The shortfall was up from the previous record $193.9 billion shortfall in February last year.
It's the 17th straight month that the U.S. government has posted deficits. The last time the government posted a monthly surplus was in September 2008, when the government reduced the deficit by $45.7 billion.
The cumulative deficit for fiscal 2010, which started in October, reached $651.6 billion, up from $589.8 billion in the same period the year before. The Obama administration is forecasting that the deficit will hit $1.56 trillion this year.