US CBO says $871b deficit so far in FY 2011

Updated: 2011-05-07 08:50


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WASHINGTON - The US budget deficit totaled $871 billion for the first seven months of this fiscal year, the Congressional Budget Office said on Friday.

The $871 billion deficit through April was about $70 billion more than the deficit the government incurred during the same period of fiscal 2010, highlighting the severe fiscal stress US President Barack Obama and Congress confront.


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