You wouldn’t know it from the doomsday crowd in Washington but 2013 was a year of great improvement for US finances.
The 2013 fiscal year deficit was $680 billion compared to $1.089 trillion the year before, according to Treasury Dept data. It’s the smallest deficit in 5 years.
The Treasury took in about 80-cents for every dollar it spent and said about 80% of the improvement in the deficit was due to higher revenues.
