February 10, 2006

BLAME W II

U.S. January budget surplus surprise $20.99 bln (Reuters, 2/10/06)

The U.S. budget registered a surprisingly big surplus of $20.99 billion in January as strong receipts outweighed spending, a Treasury Department report showed on Friday.

January's surplus compared with a $8.58 billion surplus in January 2005 and a $10.98 billion surplus in December.

Economists were expecting an $8 billion surplus in the month.

Time for tax cuts.

Posted by David Cohen at February 10, 2006 7:54 PM
Comments

Gee the only economic news the MSM seems to be focused on is the trade deficit.

And just yesterday people I know were complaining about the budget deficit and how Bush was a moron. More months like this and they won't have much to complain about.

Posted by: AWW at February 10, 2006 8:28 PM

And they've been talking about the trade deficit for how many years?

(Taps watch) Is this thing on? I thought disaster was to be right on schedule!

Posted by: Mikey at February 10, 2006 10:53 PM

Not directly related, but - this week, the 30-year bond was offered again by the Treasury, for the first time in a while. It seems to be selling briskly.

Posted by: jim hamlen at February 10, 2006 11:47 PM
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