Yesterday, the Congressional Budget Office (CBO) released their monthly budget review for June.

CBO opens their analysis thusly:

The federal budget deficit was $1.1 trillion for the first nine months of fiscal year 2009, CBO estimates, more than $800 billion greater than the deficit recorded through June 2008. Outlays are 21 percent higher than they were in the first three quarters of 2008, but revenues have fallen by 18 percent. The estimated deficit reflects outlays of $147 billion for the Troubled Asset Relief Program (TARP), recorded on a net-present-value basis, and spending of $83 billion in support of Fannie Mae and Freddie Mac.

So there you have it. Our deficit is sky high, we are spending at a faster rate than last year while taking in less revenue, and we are shelling out a lot of money to TARP, Fannie Mae and Freddie Mac. Read the rest of the CBO report for estimates, budget totals, and receipts and outlays through the first nine months of the fiscal year.