The CBO now says the federal deficit will narrow to $642B in the fiscal year ending in...


The CBO now says the federal deficit will narrow to $642B in the fiscal year ending in September, a meaningful improvement from February's projection of $845B. The revision comes courtesy of higher tax receipts and dividend payments to the Treasury from Fannie and Freddie. The government can now skirt the federal borrowing limit until October or November. The CBO sees a deficit of 3.4% in FY14 and 2.1% in FY15, before the figure begins to rise anew on increased spending.

Comments (1)
  • DeepValueLover
    , contributor
    Comments (11174) | Send Message
     
    How can congress shut down that city park fountain of money called Freddie and Fannie?

     

    Not gonna happen.

     

    Free money to a politician is like heroin to a junkie.
    14 May 2013, 11:37 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs