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07-11-2011, 08:13 AM
The following is a summary of the U.S. Congressional Budget Office's July Budget Review published Friday with its estimate for last month's deficit. The U.S. Treasury Department is scheduled to release its monthly statement July 13: CBO estimates that the Treasury Department will report a deficit of $973 billion for the first nine months of fiscal year 2011, $31 billion less than the $1,004 billion deficit incurred through June 2010. Outlays are about 4 percent higher and revenues are about 8.5 percent higher than they were at the same point last year.
For More Information:
http://imarketnews.com/node/33401
For More Information:
http://imarketnews.com/node/33401