Deficit Smaller Than At Any Time Since 2008 Because of Increased Revenues

Posted by | May 7, 2013 23:11 | Filed under: Top Stories


That’s what the Congressional Budget Office Reports.

There are three main reasons for that: the slowly-improving economy is putting more people back to work, which means fewer safety net payments and more tax revenue; defense spending cuts; and the tax hikes from January 1 2013 have gone into effect.

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