2012 Federal Deficit Shrinks To Less Than $1 Trillion

2012 Federal Deficit Shrinks To Less Than $1 Trillion: pUnder President Obama, the nation’s deficit will shrink to less than $1 trillion in 2012, the Treasury Department announced yesterday. The deficit in 2011 and 2010 was $1.3 trillion. Treasury projects that the budget deficit for fiscal year 2012 will come in at $996 billion. Additionally, as a result of the debt super committee’s failure […]/p

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