US gov't reports $116.5B surplus, largest in 5 years; deficit on track for smallest in 5 years

  • Article by: MARTIN CRUTSINGER , AP Economics Writer
  • Updated: July 11, 2013 - 3:45 PM

WASHINGTON — The federal government on Thursday reported a rare surplus of $116.5 billion in June, the largest for a single month in five years. The gain kept the nation on track for its lowest annual deficit in five years.

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dumbgopJul. 11, 13 1:42 PM

Read the last sentence in this paragraph. Anyone care to guess who had the previous four largets deficits in history? Yep, you guessed it; B. Obama. Well done!!!!!!!-------------------------------------The Congressional Budget Office forecasts the annual deficit will be $670 billion when the budget year ends on Sept. 30. If correct, that would be well below last year's deficit of $1.09 trillion and the lowest since President Barack Obama took office. It would still be the fifth-largest deficit in U.S. history.

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mauianJul. 11, 13 3:33 PM

If they have a surplus, why do we still need $85 billion/month in fed stimulus?

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