News Alert: U.S. deficit to top $1 trillion for 4th year in a row

	Tuesday, January 31, 2012 10:20:22 AM NEWS ALERT U.S. deficit to top $1 trillion for 4th year in a row The federal budget deficit will top $1 trillion for a fourth straight year, congressional budget analysts said Tuesday in a report that predicts a nearly $1.1 trillion gap between government spending and tax collections for 2012. That figure is the smallest – both in nominal terms and as a percentage of the economy – since the Great Recession began taking a heavy toll on the federal budget in 2009. The nonpartisan Congressional Budget Office projected that the deficit would continue to fall, dropping sharply in 2013 and throughout the remainder of the decade if policymakers follow through with major changes in both tax policy and government spending now on the books. Read more at: http://www.washingtonpost.com/business/economy/us-deficit-to-top-1-trillion-for-4th-year-in-a-row/2012/01/31/gIQAWmKweQ_story.html Or visit washingtonpost.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071 ©2011 The Washington Post Privacy Policy