Budget deficit shrinks
WASHINGTON- The government's budget deficit is predicted to shrink to its lowest level in six years if trends continue.
It's down more than 36% from a year ago which signals more improvement in the U.S. economy.
From October to January, the deficit was $184-billion, down $106-billion from the same time last year.
Now, the Congressional Budget Office projects the deficit in the current budget year will fall to $514-billion.
Spending constraints and rising tax revenues are helping to lower the deficit.