The federal government incurred a deficit of nearly $1.3 trillion in the first 11 months of fiscal year 2010, CBO estimates, a total that is about $100 billion less than the shortfall recorded through August of last year.
Based on the Monthly Treasury Statement for July and the Daily Treasury Statements for August
The federal government incurred a deficit of nearly $1.3 trillion in the first 11 months of fiscal year 2010, CBO estimates, a total that is about $100 billion less than the shortfall recorded through August of last year. Outlays are about 2 percent less than they were in the first 11 months of 2009, whereas revenues have increased by 1½ percent.
