Econ Comments & Analysis
CBO | Monthly Budget Review for December 2014
The federal government’s budget deficit was $175 billion for the first three months of fiscal year 2015, $3 billion more than the shortfall recorded in the same period last year, CBO estimates. Revenues and outlays were both higher (by 11 percent and 9 percent, respectively) than they were at the same point in fiscal year 2014.
