Dec 26, 2012

Federal Budget Deficit Totaled $292 Billion for the First Two Months of 2013, 16 percent increase

The federal budget deficit was $292 billion for the first two months of fiscal year 2013, $57 billion more than the shortfall recorded in October and November of last year, CBO estimates in its latest Monthly Budget Review. Revenues rose by $30 billion, or 10 percent, but outlays increased by $87 billion, or 16 percent.

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