KKTV - Economy - Headlines

US Government Records $904.2B Deficit Through June

By: AP
By: AP

WASHINGTON (AP) -- The U.S. budget deficit grew by nearly $60 billion in June, remaining on track to exceed $1 trillion for the fourth straight year.

The Treasury Department says the deficit through the first nine months of the budget year totaled $904.2 billion.

President Barack Obama is almost certain to face re-election after running trillion-dollar-plus deficits in each year during his first term in office.

The Congressional Budget Office predicts the deficit for the full year, which ends on Sept. 30, will total $1.17 trillion. That would be a slight improvement from the $1.3 trillion deficit recorded in 2011.

The imbalance for the budget year, which began Oct. 1, is 6.8 percent below the level for the same period a year ago. Revenues are up 5.2 percent so far this year.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 162240835