News release: “The federal budget deficit was $283 billion for the first two months of fiscal year 2011, CBO estimates, $14 billion less than the shortfall recorded through November of last year. Outlays and revenues alike are higher than they were last year at this time, by about 2 percent and 9 percent, respectively taxes and a decline of $3 billion in individual income tax refunds also contributed to the rise in individual and payroll receipts. The expiration of the estate tax at the end of 2009 reduced receipts by about $1 billion this November compared with collections in November 2009. Because estate tax payments typically occur about nine months after an individual’s death, the reduction in receipts from the expiration of the estate tax first became apparent in October and will continue throughout fiscal year 2011.”