Budget News
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.The deficit is on track to shrink this year, but the red ink will still run deep: it is forecast to top $1 trillion for the fourth year in a row. That's likely to mean that budget issues in Congress will remain high-profile and contentious this year.The deficit declined to
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