News from The Hill
Federal deficit falls to $483B, a six-year low
By Rebecca Shabad
The federal budget deficit in fiscal 2014 fell to the lowest level since 2008, the Treasury Department announced Wednesday.
For fiscal 2014, which ended September 30, the shortfall was $483 billion, which is 2.1 percent of gross domestic product (GDP). Last year, the deficit was 4.1 percent of GDP.