News
Market Watch | U.S. deficit stays above $1 trillion in 2012
The U.S. government finished fiscal 2012 with a deficit of $1.089 trillion, the Treasury Department reported Friday, a smaller gap than in the prior year but still the fourth straight year with a $1 trillion-plus shortfall.
WSJ | Budget Deficit Again Tops $1 Trillion
The U.S. government ran a $1.089 trillion budget deficit in the fiscal year that ended Sept. 30, a smaller gap than the year before but still stubbornly high and likely to fuel further debate over tax and spending policies.
Econ Comments & Analysis
Fortune | Let's jump off the fiscal cliff
The shock of more than half a trillion dollars in tax increases and spending cuts could send us into another recession. But with a little stimulus, it might be a blessing, not a curse.
