Tuesday, December 13, 2011

Treasury Reports 38th Straight Month of Deficits

Treasury Reports 38th Straight Month of Deficits | CNSnews.com

(CNSNews.com) The Treasury Department has released spending and income data showing that the federal government has now run a deficit for the 38th consecutive month.

According to its monthly Treasury Report, the federal government ran a $137 billion deficit in November, the 38th straight month it has done so.

Since the beginning of its fiscal year – Oct. 1, 2011 – the government has run up a $236 billion deficit. In total, Treasury estimates that the government will run a $1 trillion deficit this fiscal year – from October 2011 to Sept. 30, 2012.


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