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Monthly Budget Reviewreport
The federal budget deficit was $293 billion for the first three months of fiscal year 2013 (that is, October through December 2012), $29 billion less than the shortfall recorded in the first quarter of last fiscal year, CBO estimates. Without shifts in the timing of certain payments in both years, however, the deficit for the three-month period would have been about $60 billion lower this year than in fiscal year 2012.      The CBO Blogblog post
With the opening of the 113th Congress, we at CBO will be using this blog a bit differently than in the past. The “Director’s Blog” has always been a collective effort, so why not reflect that fact in the blog’s name? Thus, we’re changing the name to the “CBO Blog.” |
