FROM THE ARCHIVE
Federal surplus at $127B
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TUESDAY, OCTOBER 30, 2001 The federal government has ended fiscal year 2001 with a surplus of $127 billion, the second largest in history but still far below what was expected just months ago. Congress was forecasting a surplus of $176 billion with the White House warning it might fall as low as $36 billion. The failing economy and President Bush's tax rebate helped contribute to the actual surplus, released yesterday by the White House. Analysts expect the U.S. to register a deficit in 2002, the first since 1997. Get the Story:
U.S. Budget Surplus Fell to $127 Billion In Fiscal 2001 (AP 10/30) Related Stories:
Domenici says spend, spend, spend (9/18)
Domenici says OK to spend social security (9/7)
Budget battle begins on Hill (9/5)
Bush returning early from 'vacation' (8/30)
Budget analysis shows depleted surplus (8/28)
Tighter than expected budget forecasted (8/23)
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