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CBO: Monthly Budget Review, February 2010

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Monthly Budget Review, February 2010. Based on the Monthly Treasury Statement for December and the Daily Treasury Statements for January. CBO Estimates a Federal Budget Deficit of $434 Billion in the First Four Months of Fiscal Year 2010.

  • “The federal government incurred a budget deficit of $434 billion in the first four months of fiscal year 2010, CBO estimates, almost $40 billion more than the shortfall recorded in the same period last year. Outlays were 4 percent lower than they were last year at this time; however, revenues have fallen by 11 percent. Assuming that no other legislation affecting spending or revenues is enacted, CBO expects that the federal government will end fiscal year 2010 with a deficit of about $1.35 trillion, slightly below the $1.4 trillion deficit recorded in 2009.”
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