Budget Deficit Shrinks as Consumer Confidence Grows

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U.S. Dept. of Treasury
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Here’s a headline that may surprise you: The federal budget deficit is shrinking.  What’s more, it’s shrinking far faster than anyone in Washington anticipated it would.

That bit of information, together with a slew of other recent economic reports about the state of the housing market and consumer confidence paint a brighter picture of the economy than we’ve gotten used to seeing.

Charlie Herman, WNYC Business Editor shares an update on the state of the economy.