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Monthly Budget Review July 2011

Monthly Budget Review – July 8, 2011

  • “CBO estimates that the Treasury Department will report a deficit of $973 billion for the first nine months of fiscal year 2011, $31 billion less than the $1,004 billion deficit incurred through June 2010. Outlays are about 4 percent higher and revenues are about 8.5 percent higher than they were at the same point last year.
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