CBO estimates $112 billion federal surplus for April

David Brancaccio May 10, 2013
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CBO estimates $112 billion federal surplus for April

David Brancaccio May 10, 2013
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There’s some rare good news expected for the finances of the federal government this afternoon. The Congressional Budget Office estimates the Treasury will report a $112 billion surplus for the month of April. So far in 2013, the federal government is running a deficit $230 billion less than it was last year.

Chris Low chief economist at FTN Financial explains how this is possible.

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