U.S. GDP
2010 – 2.5%
2011 – 1.8%
2012 – 2.8%
Q1 2013 – 1.1%
Q2 2013 – 2.5%
Q3 2013 – 2.8% [initial estimate]
U.S. Budget Deficit (billions; fiscal year ends 9/30) / Revenues-Outlays
F 2007… $160…$2568 / $2728
F 2008… $458…$2524 / $2982
F 2009…$1412…$2105 / $3517
F 2010…$1294…$2162 / $3456
F 2011…$1296…$2302 / $3598
F 2012…$1087…$2450 / $3537
F 2013… $680…$2774 / $3454
Yes, Congress has done a good job the past few years of keeping spending in check, while revenues hit a record in F 2013.
Major Foreign Holders of U.S. Treasuries (billions)
China
Aug 2013…$1268
Aug 2012…$1155
Japan
Aug 2013…$1149
Aug 2012…$1120
[Sources: cbo.gov, fms.treas.gov]
Wall Street History returns in two weeks.
Brian Trumbore
