U.S. Treasury Reports 39th Straight Month of Federal Budget Deficits

January 12, 2012

For Immediate Release:
January 12, 2011

Media Contact:
Kate Pomeroy (703) 927-7111
Victoria Coley (443) 758-6077
Press@thepublicnotice.org                  

U.S. Treasury Reports 39th Straight Month of Federal Budget Deficits

Arlington, VA – This afternoon the Treasury Department released the Monthly Treasury Statement for December. The report shows the U.S. ran an $86 billion deficit last month. For the third month of the fiscal year, the federal government took in $240 billion, and spent $326 billion. The cumulative deficit so far for fiscal year 2012 is nearly $322 billion.

Gretchen Hamel, Executive Director of Public Notice, said the following:

“For the 39th straight month – the federal government has spent more than it has taken in. This is the longest streak in the red in the treasury’s record going back over 30 years.

“Polls continue to show voters are frustrated with and worried about the direction of the country. This report, too often met with a yawn by leaders in Washington, will only enhance their insecurities.

“The House and the Senate are set to reconvene for the second session of the 112th Congress next week. The President is deciding on a new budget director and finalizing his fiscal year 2013 budget as we speak. Now would be a good time for the nation’s leaders to finally commit themselves to the cause of fiscal responsibility.”

If you would like to schedule an interview with Gretchen Hamel, contact

Kate Pomeroy 703-927-7111/Victoria Coley 443-758-6077 or press@thepublicnotice.org.  

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Public Notice is an independent, nonpartisan, non-profit, 501(c)(4) organization dedicated to providing the facts and insights on the affects public policy has on American’s financial well being.

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