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Falling Deficit Alters Debate

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The Congressional Budget Office estimate is for the U.S. federal deficit thorough the first 7 months of the fiscal year beginning in October to be $231 billion lower than the deficit a year ago, because tax revenues are 16% higher. In addition to higher tax revenues Fannie Mae will contribute $59.4 billion to the Treasury in payback for bailout loans. This pushes the debt ceiling deadline from May to October 2013.

Higher U.S. tax revenues, payback of bailout loans in 2013 and the debt ceiling

05/09/2013

Grouped Articles

Falling Deficit Alters Debate

Wall Street Journal 05/09/2013

Fannie Mae to pay $59.4B to Treasury - The Washington Post

Washington Post 05/09/2013

Cost of Bailouts Continues to Decline

Wall Street Journal 05/10/2013


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