Thursday, January 13, 2005

1 Billion US Surplus - Dec 04

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Somehow I missed this.
WASHINGTON, Jan 7 (Reuters) - The U.S. government ran a $1 billion budget surplus in December, helped by a rise in corporate tax payments, the Congressional Budget Office said in its latest budget report released on Friday.

The surplus, which compared with an $18 billion deficit in the previous December, helped create a smaller fiscal deficit for the first three months of the 2005 fiscal year, than in the same quarter of the prior year.
Must of been making a sandwich when the MSM covered this item.

Seriously, there are some news stories that mention this - they are generally about a bad trade deficit and this little item is buried under a headline of bad news - what a surprise. [hat tip GayPatriot]

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