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Wednesday, November 14, 2012

U.S. Government Runs $120 Billion October Deficit

The federal government started the 2013 budget year with a $120 billion deficit in October, an indication that the nation is on a path to its fifth straight $1 trillion-plus annual deficit.

A soaring deficit puts added pressure on President Barack Obama and Congress to seek a budget deal in the coming weeks.

The Treasury Department said Tuesday that the October deficit — the gap between the government's tax revenue and its spending — was 22 percent higher than the same month last year.

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2 comments:

  1. AnonymousNovember 14, 2012 at 3:36 PM

    So we got that going for us. Thanks Barry Obama for taking your social agenda and shoving it down our throats. Everybody gets what they want except the working few. May Allah have mercy on you.

    ReplyDelete
  2. AnonymousNovember 14, 2012 at 5:17 PM

    O! And, after the election we here about it?? FRAUD!

    ReplyDelete

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