Budget deficit drops to $27 billion in January

The federal budget deficit fell sharply in January compared to a year earlier, as an improving economy lifts income tax revenue.

Budget deficit drops to $27B in January

The federal budget deficit fell sharply in January compared to a year earlier, as an improving economy lifts income tax revenue. 

Federal budget deficit to dip to $1.1T, CBO says

A new budget report released Tuesday predicts the government will run a $1.1 trillion deficit in the fiscal year that ends in September, a slight dip from last year but still very high by any measure.

Federal budget deficit to dip to $1.1 trillion

A new budget report released Tuesday predicts the government will run a $1.1 trillion deficit in the fiscal year that ends in September, a slight dip from last year but still very high by any measure.

Federal budget deficit to dip to $1.1 trillion, Congressional Budget Office says

If George W. Bush-era tax cuts enacted in 2001 and 2003 are allowed to end, the deficit would be cut in half by 2013, the CBO report notes.