The federal budget deficit is expected to fall to $642 billion in fiscal year 2013, the lowest level since 2008, according to the Congressional Budget Office. The study released today cited higher tax revenues and better-than-expected payments from government mortgage giants Fannie Mae and Freddie Mac behind the shrinkage. It's a level $200
Federal Deficit Falling Faster Than Expected
The federal budget deficit is expected to fall to $642 billion in fiscal year 2013, the lowest level since 2008, according to the Congressional Budget Office. The study released today cited higher tax revenues and better-than-expected payments from government mortgage giants Fannie Mae and Freddie Mac behind the shrinkage. It’s a level $200 billion lower than estimates […]