CBO – “The federal budget deficit was $212 billion for the first three months of fiscal year 2016, the Congressional Budget Office estimates. That deficit was $36 billion larger than the one recorded during the same period last year. Receipts and outlays were both higher than last year’s amounts, by 4 percent and 7 percent, respectively. If not for shifts in the timing of certain payments (which otherwise would have fallen on a weekend or on New Year’s Day), the deficit for the three-month period would have been $9 billion larger than it was last year.”