U.S. Runs 4th Straight $1 Trillion-Plus Budget Gap
October 13th, 2012Via: AP:
The United States has now spent $1 trillion more than it’s taken in for four straight years.
The Treasury Department confirmed Friday what was widely expected: The deficit for the just-ended 2012 budget year — the gap between the government’s tax revenue and its spending — totaled $1.1 trillion. Put simply, that’s how much the government had to borrow.
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