Tuesday, February 7, 2012

US Budget Deficit On Target For $1.1 Trillion Or More

From CBO "Monthly Budget Review February 2012:"
If lawmakers enact no further legislation affecting spending or revenues, the federal government will end fiscal year 2012 with a deficit of nearly $1.1 trillion, CBO estimates, compared with $1.3 trillion in 2011. However, enactment of proposals such as pending legislation to extend the payroll tax cut could have a significant impact on the deficit for 2012.

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