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report
March 7, 2011
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Based on the Monthly Treasury Statement for January and the Daily Treasury Statements for February
CBO estimates that the federal government incurred a budget deficit of $642 billion for the first five months of fiscal year 2011, $10 billion less than the shortfall recorded in the same period last year. Outlays were $58 billion higher than in the previous year, while revenues were $68 billion higher.