US Budget Deficit Tops $1 Trillion for Fourth Straight Year
- OurStudio
- Sep 13, 2012
- 1 min read
The U.S. federal budget deficit increased by $191 billion in August and has topped $1 trillion for the fourth straight year.
The Treasury Department says the deficit for the first 11 months of the 2012 budget year, which ends Sept. 30, totaled $1.16 trillion. That's 6 percent less than the same period last year. Tax receipts are higher because of modest improvements in the economy.
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