Asia-Pacific

US CBO says $871b deficit so far in FY 2011

(Agencies)
Updated: 2011-05-07 08:50

WASHINGTON - The US budget deficit totaled $871 billion for the first seven months of this fiscal year, the Congressional Budget Office said on Friday.

The $871 billion deficit through April was about $70 billion more than the deficit the government incurred during the same period of fiscal 2010, highlighting the severe fiscal stress US President Barack Obama and Congress confront.