U.S. budget deficit shrinks to $95B as receipts jump 9% while spending rises 2%

The U.S. budget deficit dropped to $95 billion in January. That’s a $34 billion decrease from the same month last year. The Treasury said this happened because income rose faster than spending, mostly helped by higher customs duties. When they adjusted the numbers for stuff like holidays and weekends, the deficit would’ve been just $30 […]