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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)

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