This Year, the Deficit Was Only a Trillion Dollars


The U.S. federal government ran a deficit of around $1.3 trillion in the fiscal year that ended September 30, according to preliminary estimates released this evening. But that’s chump change compared to last year’s, which was a whole $125 billion more. Sure, last year’s was also the worst on record since World War II, but one trillion is practically thrifty! [CNN Money]