US Deficit Increases To $1.3 trillion
Washington - Spa
The US deficit increased to $1.3 trillion in 2011, figures released by the Treasury Department showed Friday. The figure was the second-largest deficit ever, but remained lower than government forecasts that had predicted a far larger figure earlier in the year, according to a report of the German Press Agency "DPA". The deficit for the fiscal year that ended September 30 stood at 8.7 per cent of gross domestic product.
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