The U.S. posted a deficit of $125 billion in May

WASHINGTON (Market Watch)
The U.S. posted a deficit of $125 billion in May to bring the total federal shortfall to $845 billion through the first eight months of fiscal 2012, according to preliminary data from the Congressional Budget Office
That's about $80 billion less than the deficit reported at the same time a year earlier
Spending rose 1% to $306 billion last month, adjusted for changes in the timing of certain payments and the effects of the TARP emergency-relief program in 2011, the CBO said
The government's tax intake rose 3% to $180 billion in May. The federal fiscal year runs from October to September