Tue, 14 Jan 2014 11:20:15 GMT
U.S. budget turns to considerable surplus in December
The United States federal budget posted a significant budget surplus in December of the previous year, as tax collections surged on falling joblessness, while mortgage companies Freddie Mac and Fannie Mae made considerable payments to the budget. The surplus totaled $53.2 billion from a $1.19 billion deficit a year ago. Analysts expect the deficit to narrow further in the future.