Deficit Falls to Lowest Level in 4 Years
Friday, January 12, 2007; 10:12 PM
WASHINGTON -- The federal deficit has improved significantly in the first three months of the new budget year, helped by surging tax revenue.
In its monthly budget report, the Treasury Department said Friday that the deficit from October through December totaled $80.4 billion, the smallest imbalance for the first three months of a budget year since 2002. The budget year starts Oct. 1.