CBO says $871 billion deficit so far in 2011

Reuters

WASHINGTON (Reuters) - The U.S. 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 President Barack Obama and Congress confront.

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(Reporting by Richard Cowan; Editing by Will Dunham)

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