WELL, WHAT DO YOU KNOW? “Federal Deficit Likely to Narrow by $100 Billion.”

UPDATE: This is interesting:

In the last two months, “withheld receipts jumped 12.5 percent annualized,” Wiegand said. “The message is, there is no way that you can see withheld income taxes rising unless there’s a decisive turn in labor market conditions, including payrolls, hours and compensation.”

Hmm. I’m no economic forecaster (and neither is anyone else, it seems) but none of this is good news for the Kerry Campaign. I suspect that this is why he’s flip-flopped on the jobs front recently.