Search and rescue crews worked through the night after a …
In this Oct. 10, 2008 file photo, the statue of Alexander Hamilton, the first Secretary of the Treasury, stands in front of the Treasury Department in Washington. (AP Photo/Evan Vucci, File)
Monday's powerful tornado in suburban Oklahoma City loosely …
Witnesses give a first-hand account of the tornado that ripped …
Advertisement
When you see it happening - Report It!
When you know it's going on, when you see it happening - Report It!
US budget deficit hits $1.16 trillion through Aug
Deficit increased by $191 billion in August
Updated: Thursday, 13 Sep 2012, 12:23 PM MDT
Published : Thursday, 13 Sep 2012, 12:23 PM MDT
WASHINGTON (AP) — The U.S. federal budget deficit increased by $191 billion in August and has topped $1 trillion for the fourth straight year.
The Treasury Department says the deficit for the first 11 months of the 2012 budget year, which ends Sept. 30, totaled $1.16 trillion. That's 6 percent less than the same period last year. Tax receipts are higher because of modest improvements in the economy.
Thursday's announcement means that President Barack Obama has run trillion-dollar deficits each year in office. Republican presidential candidate Mitt Romney has criticized Obama for failing to cut the deficit in half, as Obama pledged to do in early 2009.
The White House in July forecast that the budget gap will total $1.2 trillion this year, down from $1.3 trillion last year.
 | With KRQE.com's commenting system, you don't need to register. You can login with an existing Facebook, Yahoo!, Google, or Twitter account and more. |
Email This
Print This
View Story on a Single PageAdvertisement
Advertisement
Advertisement
Explore Featured Content »
-
What live streaming of KRQE News 13 on any screen - from your smartphone to your desktop …
-
Watch what's on now - streaming from CBS News on the live feed player.
-
Interact & connect with KRQE News 13 - anchors, weather, reporters and sports.
-
American Craft Beer Week is the perfect time to take your beer drinking to the next …
-
Police say Tyrone Stephens used a vacuum to assault his caregiver Saturday, by striking …
-
An Albuquerque couple who were burglarized last week said they later found some of the …
-
New Mexico and neighboring states updated road conditions.
-
See where the lowest Metro and N.M. gas prices can be found.
-
Current metro and statewide power outage interactive map; see if your area is listed.
-
When the weather is bad, check for your school and community closures from around the …
-
New Mexico and neighboring states updated road conditions.
-
Latest ski conditions, new snow, base depth, lifts and runs open & live ski webcams.
