Federal Budget Thursday, Feb. 24

The U.S. Treasury will probably report a $7 billion surplus in January. The surplus was a much higher $29.8 billion in January, 1993, but that was caused by some expenditures shifted into December, 1992. So far in fiscal 1994, the deficit is running about $11 billion below its year-ago total. The deficit for all of 1994 is expected to be about $235 billion, down from $255 billion in 1993.

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