US CBO says $871b deficit so far in FY 2011
Updated: 2011-05-07 08:50
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.
China and the United States will hold the third round of the Strategic and Economic Dialogue from May 9-10 in Washington.
The world's most wanted man was killed in a US raid in Pakistan.
The US sports camp company, Camp Woodward, will open its first residential camp in Beijing in June.