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Geithner defends Obama as deficit again tops $1 trillion
Posted By admin On October 13, 2012 @ 3:28 am In Money Watch | Comments Disabled
The Hill 
Oct 13, 2012
Treasury Secretary Timothy Geithner on Friday defended the White House approach to the deficit as his department officially confirmed a fiscal 2012 deficit of $1.089 trillion.
That figure is $207 billion less than in 2011, and $238 billion less than forecast in February.
The fact the deficit remains above $1 trillion for the fourth year in a row, despite President Obama’s pledge to cut it in half by now, is a major headache for Obama’s reelection campaign.
In a joint statement with acting Budget Director Jeff Zients, Geithner sought to blame Congress for the deficit.
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 The Hill: http://thehill.com/blogs/on-the-money/budget/261795-geithner-defends-obama-as-deficit-officially-tops-1-trillion-again
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