CBO reports small improvement on budget deficit
{mosads}Individual tax revenue role by 29 percent for the first eight months of 2011, attributable in part to increased hiring.
But overall in 2011, spending was up by 6 percent compared to 2010 although if you exclude payments to TARP and to the Federal Deposit Insurance Corporation, then spending outlays were up 1 percent for the first 8 months of this year.
Outlays differ from budget authority since outlays reflect money budgeted in previous years. Under a budget deal between Congress and the White House, budget authority was cut for 2011 by about $40 billion.
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Harris calls for ending filibuster for abortion rights
