As the U.S. Treasury totted up receipts for February, it was pleasantly surprised. For the first time in four years, the U.S. had taken in more in a month than it had spent, by a round $168,000,000. Those who have been watching the way federal spending has dropped, and tax payments stayed up, guessed that the U.S. may get an even bigger surprise. The surprise: the federal budget may be balanced in the fiscal year starting July 1.
Besides the statistical swallow that February brought, there were enough others to promise spring. Since last July, the Treasury has collected an...
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