Sunday, February 25, 2018
News: Page (1) of 1 - 03/12/12 Email this story to a friend. email article Print this page (Article printing at page facebook
Deficit rose in February, on pace to top $1T again
US budget deficit rose in February, on track to top $1 trillion for fourth straight year
By The Associated Press

WASHINGTON (AP) ' The U.S. federal deficit was slightly smaller through the first five months of the budget year than the previous year. Still, the imbalance is on pace to exceed $1 trillion for the fourth straight year, a troubling sign for President Barack Obama's re-election prospects.

The Treasury Department says last month's budget deficit was $232 billion. The imbalance for the first five months of the budget year grew to $581 billion, or 9 percent lower than the same period in fiscal 2011.

The Obama administration expects the deficit will reach $1.3 trillion when the budget year ends on Sept. 30. That would nearly match last year's imbalance. The government ran a record deficit of $1.41 trillion in 2009 and a $1.29 trillion gap in 2010.

Page: 1


Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines