From the Dallas Morning News (DallasNews.com):
http://www.dallasnews.com/sharedcontent/dws/bus/stories/031308dnbusbudget.49d21664.html
Federal deficit swells to $263.3B
03:56 PM CDT on Wednesday, March 12, 2008
Associated Press
WASHINGTON — The Treasury Department says the federal deficit swelled to $263.3 billion in the first five months of this budget year as record spending during the period outpaced record revenues.
The department’s latest snapshot of the government’s balance sheets, released Wednesday, shows that the deficit for the budget year that began Oct. 1 was up a whopping 62 percent from the red ink of $162.2 billion for the corresponding five-month period last year.
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