CBO: Federal Revenue To Set Record in 2013Submitted by emalvini on Mon, 03/04/2013 - 14:54
CBO: Federal Revenue To Set Record in 2013
By Matt Cover
February 7, 2013
(CNSNews.com) – Federal revenue will return to its pre-recession levels in 2013, according to projections from the Congressional Budget Office (CBO), setting a record for the most money the government has ever taken in.
In its latest Budget and Economic Update, the CBO forecasts that federal revenue will top $2.7 trillion in 2013, slightly higher than the $2.6 trillion the government collected in 2007, when the last recession officially began