Monday, November 13, 2006

Treasury Budget for October, 2006

The U.S. Treasury Budget monthly account for October, 2006 was released today:

Predicted: -49,000,000,000
Actual: -$49,300,000,000

The "actual" figure above represents the monthly balance on the U.S. federal government's "books" and is compiled by The Treasury Department. A positive number represents a surplus, while a negative represents a deficit.

The "predicted" figure is what economists and Wall Street forecasters were expecting.

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