Chalk up another set of economic data under the category of "information most informed people knew a long time ago, but that will really upset the Teabaggers," because the Congressional Budget Office (CBO) released its Monthly Budget Review (MBR) for March, and, oh boy, are there some ugly numbers in there to cherry pick. With that said, there are some bright spots too.

With the end of March, CBO has data on the first six months of the fiscal year, and so far, the federal government has run up a $714 billion deficit. These numbers are in line with forecasts of a roughly $1.4 trillion deficit for the fiscal year. The other bad number is that revenues are down for the government from this time last year by 4 percent, which continues to exacerbate the deficit.

In spite of those numbers, the deficit for the first six months this fiscal year is $67 billion less than this time last year. The other positive number is that outlays are down by 6 percent from this time last year. Of course, both of these numbers are due – at least in part – to the effective end of the Troubled Asset Relief Program (TARP).

Read the rest of the MBR to soak up all the estimates, budget totals, and receipts and outlays you can get your hands on.

Image by Flickr user styro used under a Creative Commons license.