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Budget deficit totals $349 billion through 1st 4 months; on pace to pass $1 trillion for 4th straight year

from The Associated Press via The Washington Post

The federal deficit was lower through the first four months of the budget year than the same period last year. Still, the deficit is expected to top $1 trillion for the fourth year in a row, putting more pressure on Congress and President Barack Obama in an election year. The deficit totaled $349 billion through January, the Treasury Department announced recently. That's $70 billion less than at the same point last year. January's monthly deficit was $27 billion, roughly half of the deficit in January 2011. more

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