Monday, February 25, 2008

Pace of Deficit More Than Double Last Years

The federal budget deficit is running at a pace that is more than double last year's imbalance through the first four months of the budget year. In its monthly review of the government's finances, the Treasurey Department said Tuesday that the budget was in surplus in January, but the deficit totals $87.7 billion so far this budget year, double the $42.2 billion imbalance recorded during the same period in 2007. The new budget year started last October l.

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