The Hill reports on the continued reduction in the deficit:
The deficit is about $70 billion less than last year's budget deficit at this point in the fiscal year. The reason is higher government revenues, the Treasury statement said.
Total spending has increased this year from $2.921 trillion to $2.992 trillion, but receipts to the government are up from $1.753 trillion to $1.893 trillion.
The fiscal year ends on Sept. 30.
Don't ever forget that the White House reduced the deficit by $120 billion lower than the final Bush deficit. This year's deficit reduction won't be as significant, but it's still a reduction. And they did it without super committees and debt deals.