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FBN's Peter Barnes on the Treasury Department releasing the deficit for fiscal year 2011, which reached $1.299 trillion.
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Our at the Treasury Department declared that the 2011 budget deficit was the second highest on record Peter Barnes is at the White House for us and then these numbers keep.
Getting bigger and bigger.
Third trillion dollar plus deficit in a row Liz one point 299 trillion dollars or fiscal -- eleven which just ended on September 3 is.
Thirtieth but it beat.
The spot for number two -- by just five billion over fiscal 2010 which was.
-- one point 294.
Trillion dollars and of course the all time record as one point four.
One point 14.
One point 412 trillion.
And 2009.
Now this doesn't look like much progress in the last and the last year but as a percentage of GDP.
It is coming down eight point 7%.
-- GDP for fiscal 20119%.
That compares to 9% for fiscal 2010.
And 10% back with that record deficit and fiscal 2009.
-- -- it gets bigger and bigger and we should mention that in the next hour after the bell what Gene Sperling who of course.
Is -- the National Economic Council director will be joining us some Alaskan about this.
