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Financial News Network

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Largest Quarterly US Deficit in 4 years

1y ago
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Description

Market Watch reported that The United States is currently seeing the largest quarterly deficit since 2008. The numbers coming out of Washington are scary, showing a widening deficit gap at $137.3 Billion dollars in the first quarter, just under $20 Billion more than the previous fourth quarter. This drop comes as a result of w wider deficit on goods and service and a 12 billion dollar drop in surplus income.