United States Deficit

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The deficit of $412 billion, or 3.6% of GDP, in the most recent fiscal year. The deficit this year will narrow to $331 billion, but under some plausible assumptions about congressional budget-making, America's deficits will average about 3.5% of GDP over the next decade. By 2014, they project, America's public debt will amount to 55% of its GDP. By 2030, on present trends, debt could reach 139% of GDP.