The federal government incurred a budget deficit of almost $780 billion in the first half of fiscal year 2012, CBO estimates—$53 billion less than the shortfall during the same period last year.
Based on the Monthly Treasury Statement for February and the Daily Treasury Statements for March
The federal government incurred a budget deficit of almost $780 billion in the first half of fiscal year 2012, CBO estimates—$53 billion less than the shortfall during the same period last year. Revenues were about 4.5 percent higher and outlays slightly lower than the amounts recorded in the first six months of fiscal year 2011.
