Deficit Smallest of Obama’s Term

REJOICE

Updated Apr. 14, 2017 3:31PM EDT / Published Jul. 11, 2014 3:16PM EDT

Drew Anthony Smith

The U.S. government recorded a budget surplus of $71 billion in June, putting it on track to reach its lowest annual deficit since 2008. The deficit for the first nine months of the year adds up to $366 billion, 28 percent lower than the same period in 2013. The Congressional Budget Office predicts a $492 billion deficit for the full budget year ending Sept. 30, which would be the smallest shortfall since 2008. That year, the deficit reached $458.6 billion, which was then a record high.

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Deficit Smallest of Obama’s Term

Drew Anthony Smith