"The government reported Wednesday that the U.S. budget deficit - TopicsExpress

"The government reported Wednesday that the U.S. budget deficit widened in May by $139 billion. But the annual deficit stayed on track to finish below $1 trillion for the first time since 2008." "Military spending has dropped 4.3 percent, reflecting the winding down of the wars in Iraq and Afghanistan. Spending on unemployment benefits, which had swelled as millions lost their jobs during the Great Recession, fell 25.3 percent compared with the same period a year ago." "The deficit reached a record $1.41 trillion in budget year 2009, which began four months before President Barack Obama took office. That deficit was largely because of the worst recession since the Great Depression. Tax revenue plummeted, while the government spent more on stimulus programs."

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