Monthly Budget Review

December 6, 2010

Based on the Monthly Treasury Statement for October and the Daily Treasury Statements for November.

The federal budget deficit was $283 billion for the first two months of fiscal year 2011, CBO estimates, $14 billion less than the shortfall recorded through November of last year. Outlays and revenues alike are higher than they were last year at this time, by about 2 percent and 9 percent, respectively.