Fannie Mae, Freddie Mac Payments Help US Post Record December SurplusMani
The federal government posted a record December budget surplus thanks to payments by Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) - Fannie Mae and Federal Home Loan Mortgage Corp (OTCBB:FMCC) - Freddie Mac.
The budget surplus was also aided by the declining unemployment rate.
Largest surplus for December
Revenue exceeded spending by $53.2 billion last month against a $1.19 billion deficit recorded in December 2012.
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