JO COMERFORD – [Today is Tax Day. It seems appropriate for Americans to know what their government is using their money for. Here is a comprehensive summary. – Editor]
Six months after the start of the current fiscal year (FY2011), congressional leaders and President Obama have reached agreement on a budget for the second half of the year. In all the deal provides just over $1 trillion in spending over the last six months of the year, a cut of roughly $40 billion from FY2010 levels.