|
|
Federal Budget Deficit Totaled $721 Billion for the First Seven Months of 2012, CBO Estimates
The federal government incurred a budget deficit of $721 billion in the first seven months of fiscal year 2012, CBO estimates in its latest Monthly Budget Review—$149 billion less than the shortfall reported during the same period last year. Without shifts in the timing of certain payments, however, the deficit so far this year would have been only $92 billion smaller.      |
