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US budget deficit in December narrows sharply from a year earlier

Summary:
Only b! Biden’s a genius!The U.S. government on Wednesday posted a roughly billion budget deficit for December, the smallest monthly shortfall in nearly two years as the pandemic recovery fueled an increase in personal and corporate income tax receipts.DEFICIT DOOM: US budget MIGHT look better than it was a year ago — but DON'T BE FOOLEDhttps://t.co/wa4BRptxS1— FOX Business (@FoxBusiness) January 12, 2022 (Poor CRFB lady still looks sad though?)

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Only $21b! Biden’s a genius!


The U.S. government on Wednesday posted a roughly $21 billion budget deficit for December, the smallest monthly shortfall in nearly two years as the pandemic recovery fueled an increase in personal and corporate income tax receipts.




(Poor CRFB lady still looks sad though?)

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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