US budget deficit down more than 31% in first 6 months of FY2014

[Tender Branson]

WASHINGTON (MarketWatch) -- The U.S. ran a budget deficit of $36 billion in March, the Congressional Budget Office estimated Monday. That is $71 billion less than the deficit of $107 billion recorded in March 2013.

Receipts in March were up 15.5% and spending fell by 2%.

For the first six months of the fiscal year, the deficit is $413 billion, $187 billion less than the shortfall for the year-ago period.

http://www.marketwatch.com/story/us-march-budget-deficit-36-billion-cbo-2014-04-07

http://www.cbo.gov/publication/45237

...

The budget deficit is expected to come in at 2.5-3.0% of GDP this year, down from 4.1% in FY2013.

And down from 10% when the financial crisis hit ...

[Tender Branson]

If spending isn't down, who cares?

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