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Briefs: U.S. spent $1T more for fourth straight year
Oct 13th 2012, 06:11

Comments A Bunggal family member plays with Kabang the dog in the Philippines. The dog lost its snout while saving two girls there. (Anton Mari H. Lim / UC Davis) Nation Washington â€" The United States has now spent $1 trillion more than it's taken in for four straight years. The Treasury Department confirmed Friday what was widely expected: The deficit for the just-ended 2012 budget year â€" the gap between the government's tax revenue and its spending â€" totaled $1.1 trillion. Thanks to a slightly healthier economy, revenue rose 6.4 percent from 2011. And government spending fell 1.7 percent to $3.5 trillion. As a result, the deficit shrank 16 percent, or $207 billion.Kabang the dog to...

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