A good sign but I wouldn't call it a huge reversal.... plus although the deficit is shrinking, the debt is increasing and this week became larger than the entire GDP of the United States. US now has an over 100% Debt/GDP ratio which is pretty bad as it doesn't even include all the unfunded liabilities that will come due:
The national debt passes $18 trillion | Watch the video - Yahoo News
Only Yesterday—-How The Federal Debt Went From $1 Trillion To $18 Trillion in 33 Years | David Stockman's Contra Corner