good economic news

The Dow Jones industrial average yesterday closed above 11,000 for the first time since the beginning of the financial crisis in September 2008. Analysts say the milestone is a “confidence booster” and “reinforces the growing belief on Wall Street that the recovery in the economy and markets remains on track.”
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“The federal deficit is running significantly lower than it did last year, with the budget gap for the first half of fiscal 2010 down 8 percent over the same period a year ago,” according to senior Obama administration officials. “If the trend continues for the rest of the year, it would mean the annual deficit would be $1.3 trillion — about $300 billion less than the administration’s projection two months ago for 2010.”

(Think Progress)