Share “News Summary: US budget deficit lower than...”

News Summary: US budget deficit lower than 2012

Published on NewsOK Modified: February 12, 2013 at 5:36 pm •  Published: February 12, 2013
Advertisement

DEFICIT DOWN: The federal government reported a rare budget surplus for January and is on track to run the lowest annual deficit since President Barack Obama took office.

REVENUES UP: Through the first four months of the budget year which began Oct. 1, revenues are 12.4 percent higher than the same period a year ago while government spending has grown only 3.5 percent. As a result, the deficit totals $290.4 billion, nearly $60 billion lower than the same period last year.

OUTLOOK: The Congressional Budget Office is projecting that the deficit will total $845 billion for the full year. If correct, that would be the first time the government has run a deficit below $1 trillion since 2008.


AROUND THE WEB

  1. 1
    They took a 365-day honeymoon around the world
  2. 2
    PHOTOS: Charlotte-area couple's proposal goes awry
  3. 3
    Suspected car thief ends high-speed car chase with a quick dance party [VIDEO]
  4. 4
    Two sisters to be raped after their brother ran off with a married woman
  5. 5
    2 Dead, 5 Injured in Hazmat Situation in Suburban Home
+ show more

FEATURED JOBS



× Trending business Article