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The Federal Budget

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Recent projections by the Congressional Budget Office place the cumulative 10-year (FY2002–11) surplus at $5.6 trillion. This figure is more than $1 trillion higher than the estimate given last July for FY2001–10, primarily because the projection window was shifted forward a year.

Suggested citation: "The Federal Budget," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-04, pp. 13, 04.01.2001.

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