Day By Day

Thursday, September 14, 2006

The Deficit Shrinks Again

AP reports:

The federal budget deficit, helped by a surge in government revenue, is running 14.1 percent below the pace of last year, the government reported Wednesday.

The Treasury Department said that with just one month to go in the budget year, the deficit totals $304.3 billion, down from $354.1 billion during the same period a year ago.

The Congressional Budget Office is forecasting that the deficit for the entire year will be $260 billion, which would mean that September will see a sizable surplus.

Read it here.

Now, what was that you were saying about an irresponsible tax cut?

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