A story came out this week that flew so low under the radar that barely anybody noticed it. It turns out that April was the first month since September 2008 in which the federal government took in more in revenue than it sent out - $59,117,000,000 more, in fact.
I'm not sure exactly what this bodes for future deficits, since April, for some reason, tends to be a low-deficit month anyway (I'm guessing because of taxes being due), but this is at least an encouraging number.
When one looks back over the years, some interesting patterns emerge. For instance, for some reason, Februaries tend to see some of the highest monthly deficits, while Septembers are generally low.
You can check out all the monthly deficits/surpluses for the past 32 years at the following site:
http://www.fms.treas.gov/...