Treasury Records Surplus For First Time In Five Years Based On New Tax Revenues

 
As well, the fiscal 2013 deficit will total $845 billion, the first time it has been under $1 trillion since 2008.
 
The Congressional Budget Office (CBO) says revenue rose 16.2% in January from a year earlier. Spending increased 2.9%.
 
Meanwhile, the president and Congress are at loggerheads over how to prevent $1.2 trillion in spending cuts from kicking in on March 1.
 
The CBO says receipts were larger in January because of $33 billion in new revenue from the tax increases.

This Website Is For Financial Professionals Only

Why Join Advisors4Advisors from Advisors4Advisors