OPINION

Federal budget deficit on pace to break $1 trillion for third straight year

Townhall Staff
Townhall Staff  |  Jun 10, 2011
The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
WASHINGTON — The federal budget deficit is on pace to break the $1 trillion mark for a third straight year. Record deficits are putting pressure on Congress and the Obama administration to come up with a plan to rein in government spending.

Already, the deficit through the first eight months of this budget year is $927.4 billion, according to the latest report from the Treasury Department released Friday.