October 30, 2013
WHAT SHALL WE DO WITH THE SURPLUS?:
U.S. deficit falls to $680 billion (Jeanne Sahadi, October 30, 2013, CNNMoney)
Posted by Orrin Judd at October 30, 2013 7:36 PMThe federal government's latest annual deficit is the smallest it's been since 2008, according to Treasury Department data released Wednesday.At $680 billion, the fiscal 2013 deficit is 51% less than it was in 2009, when it hit a record high nominally of $1.4 trillion.As a percent of the economy, it's also considerably smaller than it's been in the past five years, coming in at 4.1% of gross domestic product.