Deficit Headed for $1.1 Trillion This Year

deficit-headed-for-$11-trillion-this-year

The U.S. Treasury Department announced on Thursday that the federal government's deficit for the first nine months of its 2012 fiscal year exceeded $900 billion and that the country is on target for another $1 trillion annual deficit for the fourth year in a row. And this was despite the fact that revenues for the same period actually increased by five percent.

webmaster@thenewamerican.com (Bob Adelmann) 14 Jul, 2012


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Source: http://thenewamerican.com/economy/commentary/item/12069-deficit-headed-for-$11-trillion-this-year
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