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Tuesday, July 10, 2012

CBO: ''US posts $900 billion dollar deficit in first nine months of fiscal year 2012''

From Daily Caller

''The Congressional Budget Office estimates the U.S. will report nearly a trillion dollar deficit for the first nine months of fiscal year 2012.

In its “monthly budget review,” the CBO reports that the Treasury Department has accrued a $905 billion deficit throughout the first three quarters of the fiscal year, which began on Oct. 1, 2011. The deficit was $66 billion less than the $971 billion deficit incurred over the same period of fiscal 2011.''

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