Bond Sales to Fall 1st Time Since 2010 as U.S. Revenue Soars

[zwyziec]

Source: Bloomberg


The Federal deficit is shrinking.....rapidly! The Congressional Budget Office estimates a 2013 budget deficit of $845 billion, the smallest since 2008 since the economy began expanding from the worse financial crisis since the Great Depression.

The US Treasury may cut the amount of treasury notes it offers that are due in five years or less as soon as July due to the deficit being cut by tax increases,

“The rapidly shrinking deficit means we aren’t going to need as many Treasury bonds as we would if the deficit hadn't been shrinking so quickly."



Read more: http://www.bloomberg.com/news/2013-05-12/bond-sales-to-fall-first-time-since-2010-as-u-s-deficit-narrows.html

---

President Obama's policies, in spite of GOP obstructionism, are working.

Tax increases, reduced government spending and lower health care costs due to the Affordable Care Act all contribute to the lower deficit.

[DCBob]

1. The Republicans wont like this.

They will have to figure out some other way to destroy the economy.

[AngryAmish]

2. He is gonna need every bit of this

Clinton did not get convicted because times were good.

[denverbill]

3. BENGAZI! IRS! THERE HAS TO BE BAD NEWS SOMEWHERE!!!!

[Lefty Thinker]

4. We aren't seeing the results of the sequester yet.

Many government agencies that will need to cut workforce drastically have not yet implemented their cuts/furloughs. When those federal employees and contractors start reigning in their spending I think we are going to see a dramatic economic slowdown.