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The Congressional Budget Office estimated that the U.S. federal budget deficit for fiscal year 2007 was about $161 billion. This is 1.2% of gross domestic product.
http://www.davemanuel.com/history-of-deficits-and-surpluses-in-the-united-states.php -
He was elected president in 2009. his policies may increase the national debt like the affordable care act. http://en.wikipedia.org/wiki/Barack_Obama
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She became the new Chair of the Board of Governors of the Federal Reserve System. She is the first woman to hold the position. this position controls the national bank of the Unites States of America. http://en.wikipedia.org/wiki/Janet_Yellen
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The annual deficit for fiscal year 2014 fell 29% to $483.35 billion, the Treasury Department said Wednesday. That was slightly less than the $486 billion forecast last week by the Congressional Budget Office and was the lowest deficit since 2008.
http://www.forbes.com/sites/stancollender/2014/10/16/stop-and-smell-the-roses-final-2014-federal-deficit-fell-big-time/ -
Adults under the age of 35 currently have a savings rate of negative 2%, meaning they are burning through their assets or going into debt very rapidly. But, savings show a nationwide increase in saving since the recession as baby boomers and other older Americans have maintained the cautious savings habits developed during the recession.
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The savings deficit for baby boomers who are single males is around thirty-four thousand dollars and nearly sixty three thousand dollars for single females. In total, America faces a four trillion dollar retirement shortfall.
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The nation's trade deficit soared 43% to $51.5 billion in March, largely reflecting the settlement of a major West Coast port dispute that allowed piles of imported goods sitting on docks to be processed and shipped to U.S. buyers.
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The U.S.s’ imports go up .09% and with it the deficit with china goes up almost 20 billions dollars. Link; http://fortune.com/2015/05/05/trade-deficit-china/
