CBO: Federal Budget Deficit $905 Billion for First Three Quarters of 2012

CBO: Federal Budget Deficit $905 Billion for First Three Quarters of 2012

The Congressional Budget Office estimates that the US Treasury ran almost a $1 trillion dollar federal budget deficit for the first nine months of 2012.  While this is less than the deficit ran at this time last year, there is sure to be increasing scrutiny of over-spending as the Presidential race continues to heat up.

From the CBO:

Monthly Budget Review