Treasury Department Reports Narrowing Budget Deficit
(Washington, DC) — The U.S. budget deficit is on track to be the lowest it has been in several years. The Treasury Department says the deficit for the first nine months of the fiscal year is 366-billion dollars. That’s down more than 25 percent from the same period last year. If things keep going this way, the deficit could be the lowest it has been since 2008. The deficit is the difference between what the government spends and what the government earns.