Today’s Treasury Report

December 12, 2012

It appears the U.S. is on its way to a $1 trillion-plus deficit for the fifth straight year, according to the Washington Post. The Treasury Department revealed today the U.S. federal government’s budget deficit rose to $172 billion during the month of November, up from $120 billion in October. The past four years have resulted in $1 trillion-plus deficits thus far. The government has been running annual deficits for over a decade, and hit a record $1 trillion-plus deficit for the first time in 2009, the president’s first year in office. The last time the government ran an annual surplus was in 2001.

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