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Friday, April 06, 2007
CBO's Monthly Budget Update
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The CBO has released April's Monthly Budget Review. The short version: Revenues are higher this March than they were a year ago, thanks mostly to rising income and payroll taxes. The summary paragraph from the report: |
The federal government recorded a deficit of $257 billion for the first six months of fiscal year 2007, CBO estimates,
$46 billion less than the shortfall incurred during the same period in 2006. Revenues have risen by 8 percent in the first
half of the year, whereas outlays have grown by about 3 percent.
Posted by Craig Jennings
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