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.
Read more: http://www.washingtonpost.com/business/economy/us-deficit-to-top-1-trillion-for-4th-year-in-a-row/2012/01/31/gIQAWmKweQ_story.html?wpisrc=al_comboNE_b
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