The Week Ahead

FEDERAL BUDGET Monday, Feb. 24, 2 p.m.

The federal government probably had a $12 billion deficit in January, say economists surveyed by McGraw-Hill Inc.'s MMS International. The deficit would be a swing away from the $1.7 billion surplus posted in January, 1991. Higher government outlays contributed to the deficit this January. The government is already $83 billion in the red for the first quarter of fiscal 1992 and is expected to post a $400 billion deficit for all of 1992.

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