Obama on Track for Fourth Straight Year of Trillion-Dollar Deficit

A NewsMax report indicates the U.S. budget deficit grew by nearly $60 billion in June, remaining on track to exceed $1 trillion for the fourth straight year. The Treasury Department reported Thursday, that the federal deficit totaled $904 .2 Billion in June.

“President Barack Obama is almost certain to face re-election having run trillion-dollar-plus deficits in each of his first four years in office. That would likely benefit his opponent, GOP presumptive nominee Mitt Romney.”

Read more on Newsmax.com: Obama on Track for Fourth Straight Year of Trillion-Dollar Deficit