Deficit: less than half what it was in 2009

Published 10/31 2013 06:47PM

Updated 10/31 2013 06:53PM

NATIONAL -- There is some good economic news to report. The federal deficit is at its lowest level since 2008.

The U.S. Treasury Department says, at $680 billion, the deficit is less than half what it was in 2009. The sequester and increased taxes on high-income households are among the factors which led to the reduction.

Four years ago, the deficit hit a record high of more than one-trillion dollars.

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