Monthly Budget Review

June 4, 2010

Based on the Monthly Treasury Statement for April and the Daily Treasury Statements for May.

The federal budget deficit was $941 billion during the first eight months of fiscal year 2010, CBO estimates, $51 billion less than the shortfall recorded over the same period last year. Both revenues and outlays were lower than the corresponding amounts during the first eight months of last year, by 2 percent and 3 percent, respectively.