Zeev's Turnips Talk Politics (ZTTP)

[hap0206]

oh just tell me about it --
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Federal deficit shrinks due to record tax collections
Updated 2/12/2007 5:34 PM ET E-mail | Save | Print |

WASHINGTON (AP) — The deficit for the first four months of the current budget year is down sharply from the same period a year ago as the government continues to benefit from record levels of tax collections.

The Treasury Department reported Monday that the deficit for the budget year that began Oct. 1 totals $42.2 billion, down 57.2% from the same period a year ago.

The amount of revenues collected from October through January were up 9.7% from the same period a year ago, climbing to a record level for the period of $834.1 billion.
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http://www.usatoday.com/news/washington/2007-02-12-federal-deficit_x.htm