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Federal Budget Revenue Growth Gives Fed No Excuses, But Economic Strength May Be an Illusion

Federal Deficit Chart- Availble full size in the reportFederal tax collection data for March showed modest economic growth but continuing wide Federal budget deficits. An uptick in nominal revenues has reduced Treasury issuance for the time being. But the revenue windfall will be counted and in the books by mid May. After that, things will change. Here’s what to expect and a recommended investment approach.

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