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dude1394 · 01-12-2007, 10:58 PM

Deficit Falls to Lowest Level in 4 Years
Jan 12 2:33 PM US/Eastern

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON (AP) -- The federal deficit has improved significantly in the first three months of the new budget year, helped by a continued surge in tax revenues.

In its monthly budget report, the Treasury Department said Friday that the deficit from October through December totaled $80.4 billion, the smallest imbalance for the first three months of a budget year since The budget year ends Sept. 30.

Tax collections are running 8.2 percent higher than a year ago while government spending is up by just 0.7 percent from a year ago. Last year's spending totals were boosted by significant payments to help the victims of the Gulf Coast hurricanes.

01-12-2007, 10:58 PM	#155
dude1394 Guru Join Date: May 2002 Posts: 40,410	Deficit Falls to Lowest Level in 4 Years Jan 12 2:33 PM US/Eastern By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) -- The federal deficit has improved significantly in the first three months of the new budget year, helped by a continued surge in tax revenues. In its monthly budget report, the Treasury Department said Friday that the deficit from October through December totaled $80.4 billion, the smallest imbalance for the first three months of a budget year since The budget year ends Sept. 30. Tax collections are running 8.2 percent higher than a year ago while government spending is up by just 0.7 percent from a year ago. Last year's spending totals were boosted by significant payments to help the victims of the Gulf Coast hurricanes. __________________ "Yankees fans who say “flags fly forever’’ are right, you never lose that. It reinforces all the good things about being a fan. ... It’s black and white. You (the Mavs) won a title. That’s it and no one can say s--- about it.’’ Last edited by dude1394; 01-12-2007 at 10:58 PM.