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Wednesday, May 8, 2013

Budget

News                                                                                                                             
CNN Money | Current deficit plunges 32%
The annual deficit has fallen 32% over the first seven months of this fiscal year compared with same period last year, according to Congressional Budget Office figures released Tuesday.

Econ Comments & Analysis                                                                                            
Washington Times | A ray of hope in a gloomy economy
The U.S. budget deficit is dropping sharply. Hundreds of billions of dollars that analysts once thought the Treasury would be forced to borrow this year are rolling in steadily, thanks to tax-rate increases, spending cuts and economic growth.
CBO | Monthly Budget Review
The federal government ran a budget deficit of $489 billion in the first seven months of fiscal year 2013 (that is, from October 2012 through April 2013), according to CBO’s estimates.