Treasury Says It Balanced Budget in December—But Borrowed $96B on Dec. 31 to Hit Debt Limit During Fiscal Cliff Negotiations
By Terence P. Jeffrey
CNSNews.com
In its monthly statement for December, released Friday, the U.S. Treasury says the federal government balanced its budget during the month, bringing in roughly $270 billion in revenues while making roughly $270 billion in expenditures.
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