U.S. 2012 budget deficit crosses $1 trillion mark - MarketWatch

U.S. 2012 budget deficit crosses $1 trillion mark - MarketWatch

The U.S. government's budget deficit for fiscal 2012 crossed the $1 trillion mark in August, the Treasury Department said on Thursday, to stand at $1.16 trillion. The government ran a monthly deficit of $191 billion, Treasury said, spending $369 billion and taking in $179 billion. The year-to-date figure marks the fourth consecutive year of $1 trillion-plus deficits, all under President Barack Obama. The federal government's fiscal year runs from October to September.