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CBO: Federal Budget Deficit


Federal Budget Deficit Totaled $905 Billion for the First Three Quarters of 2012, CBO Estimates       CBO estimates in its latest Monthly Budget Review that the Treasury Department will report a deficit of $905 billion for the first nine months of fiscal year 2012, $66 billion less than the $971 billion deficit incurred through June 2011. Outlays are about 1 percent higher and revenues are about 5 percent higher than they were at the same point last year.

 

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