Fannie Mae, Freddie Mac Payments Help US Post Record December Surplus

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. According to the Treasury Department, revenue increased to $283.2 billion last month from $269.5 billion in December 2012. With...