Budget Deficit For May Twice As Much As Last Year!

The U.S. government posted a budget deficit of $125 billion in May, more than twice the level registered in the same month last year.

So far this fiscal year, the budget deficit stands at $844.5 billion, narrower than at the same time a year ago.

Under the government's accounting system, October is the opening month of fiscal 2012. During fiscal 2011 which ended Sept. 30, the budget deficit totaled $1.296 trillion.


Read more: http://www.foxbusiness.com/government/2012/06/12/may-budget-deficit-up-from-year-earlier/#ixzz1xbkVVhM7