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CBO: Monthly Budget Review, November 2008

Monthly Budget Review, November 2008 – Based on the Monthly Treasury Statement for September and the Daily Treasury Statements for October, released November 7, 2008

  • “The federal government recorded a total budget deficit of $455 billion in fiscal year 2008, $293 billion more than the
    deficit incurred in 2007. The federal deficit rose as a share of the nation’s gross domestic product (GDP) from 1.2 percent in 2007 to 3.2 percent in 2008.”

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