U.S. runs $1T budget gap for 4th straight year
WASHINGTON – 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.
It wasn't quite as ugly as last year.
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