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CBO Monthly Budget Review for December 2016

The federal budget deficit was $207 billion for the first three months of fiscal year 2017, the Congressional Budget Office estimates—$8 billion less than the shortfall recorded during the same period last year. But that result was affected by shifts in the timing of certain payments that otherwise would have been due on a weekend or holiday. If not for those shifts, outlays in the first quarter of this year would have been $33 billion greater than those in the same quarter last year, rather than $34 billion less, and the deficit would have risen by about $58 billion.”

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