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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: pompsander who wrote (742435)6/12/2006 4:23:13 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 769670
 
Budget deficit larger-than-expected

1 hour, 16 minutes ago
news.yahoo.com

The U.S. government posted a larger-than-expected $42.83 billion federal budget deficit in May, a Treasury Department report showed on Monday.

The May deficit compared with a $35.42 billion funding gap in May 2005.

Wall Street economists polled by Reuters were expecting a $39 billion budget deficit for May.

The cumulative deficit for the first eight months of fiscal 2006, which began October 1, was $226.97 billion, down from the $272.34 billion deficit in the first eight months of fiscal 2005.

May outlays rose to $235.49 billion from $188.15 billion in May 2005, while receipts were $192.66 billion, up from $152.73 billion in May a year ago.

Receipts for the fiscal year to date were $1.545 trillion, up from $1.369 trillion over the same period a year ago.

Copyright © 2006 Reuters Limited.



To: pompsander who wrote (742435)6/12/2006 6:31:19 PM
From: GROUND ZERO™  Read Replies (2) | Respond to of 769670
 
There's a lot to absorb, too bad I just don't have the time and patience to understand all the subtle intricacies of government...

GZ