New release: “The federal budget deficit was $292 billion for the first two months of fiscal year 2010, CBO estimates, about $11 billion greater than the shortfall recorded through November of last year. In the first two months of fiscal year 2009, the federal government recorded $84 billion in spending for the Troubled Asset Relief Program (TARP) and for payments to Fannie Mae and Freddie Mac, but recorded only $2 billion for those purposes so far this year. Excluding spending for the TARP, Fannie Mae, and Freddie Mac, the deficit during the first two months of fiscal year 2010 was over $90 billion greater than the shortfall recorded during the same period last year.”
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