Pantheon Macroeconomics - The CBO reckons that the April budget surplus jumped to about $179B, some $72B more than in the same month last year. This looks great, but alas all the apparent improvement reflects calendar distortions on the spending side of the accounts.

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10 May 2017 The Budget Deficit is Rising, even Before any Unfunded Tax Cuts

By Ian Shepherdson

The CBO reckons that the April budget surplus jumped to about $179B, some $72B more than in the same month last year. This looks great, but alas all the apparent improvement reflects calendar distortions on the spending side of the accounts.

Posted: 9th May 2017 in 'U.S. Documents'

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