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U.S. posts $3 billion budget surplus for January
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| Contributor | Homegrown Democrat |
| Last Edited | Homegrown Democrat Feb 12, 2013 05:50pm |
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| Category | News |
| Media | News Service - Reuters |
| News Date | Tuesday, February 12, 2013 07:45:00 PM UTC0:0 |
| Description | (Reuters) - The budget posted a surprise surplus in January for the first time in five years, as the Treasury likely benefited from a windfall when payroll tax cuts expired.
The budget registered a $3 billion surplus, the first time there had been a surplus in January since 2008, Treasury Department data showed on Tuesday. Economists had been looking for a $2 billion gap. The surplus compared with a $27 billion deficit in January 2012. |
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