Growth in budget deficit slows
The federal government reports a rare surplus for January and the Treasury Department says its on track for the smallest budget deficit since President Obama took office. The surplus was almost $3 billion dollars. It lowered the deficit through the first four months of the budget year to $290 billion, nearly $60 billion lower than last year. The federal budget year began October 1. The surplus was helped by about $9 billion in extra revenue from higher social security taxes. The Congressional budget Office forecasts this year's deficit at $845 billion, the first time government has not run a deficit in excess of $1 trillion since 2008.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Deputy put up 'grisly' fight before being killed with daughter by neighbor
Sheriff\'s Deputy and daughter slain
Sheriff's office investigating local case of creepy clowns
Thousands of dollars worth of electronics go missing from flooded school
Sheriff's deputy, daughter killed by upset neighbor