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Tue, Nov. 08 2011 02:06 PM EDT

FY2011 Federal Deficit = $1,299,000,000,000

By Napp Nazworth
The federal government spent $1.299 trillion more than it received in revenue for fiscal year 2011, according to the Congressional Budget Office's November report on Monday. Despite congressional efforts to cut government spending this year, federal spending increased $145 billion over fiscal year 2010. (A link to this page will be included in your message. )

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