$98Bwas added to the national deficit during the first month of fiscal 2012 according to the U.S. Department of the Treasury.
$120Bwas added to the national deficit during the first month of fiscal 2013; however, the White House insists this year’s deficit will come in at approximately $990 billion — more than $100 billion less than last year’s $1.1 trillion total. This all assumes, by the way, that Obama and Congress can make a deal on the “fiscal cliff.” source
