The U.S. government ran a $53.2 billion surplus in December, signaling further improvement in the nation’s finances.
The surplus was the largest since September and a record for the month of December. It was boosted by nearly $40 billion in payments from mortgage giants Fannie Mae and Freddie Mac.
For the first three months of the budget year, which began on Oct. 1, the Treasury has run a deficit of $173.6 billion. That’s 40.8 percent below the $293.3 billion deficit run during the same period last year.
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