Redefining the Fiscal Year
Here's President Bush yesterday crowing about the cut in the annual federal budget deficit:
This morning my administration released the budget numbers for fiscal 2006. These budget numbers are not just estimates; these are the actual results for the fiscal year that ended February the 30th.
In the official transcript of the event, the White House helpfully corrected the president, noting that the fiscal year actually ended on Sept. 30.
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