- Prison Planet.com - http://www.prisonplanet.com -
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.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/geithner-defends-obama-as-deficit-again-tops-1-trillion.html
URLs in this post:
 The Hill: http://thehill.com/blogs/on-the-money/budget/261795-geithner-defends-obama-as-deficit-officially-tops-1-trillion-again
Copyright © 2013 Prison Planet.com. All rights reserved.