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Federal Deficit Trends Over Time

In 2000 and 2001 the federal government experienced surpluses of $237 billion and $127 billion respectively. Since 2001, the federal government has not had another surplus. While the annual deficit did not exceed $500 billion from 2002 to 2008, the annual deficit increased substantially in response to the Great Recession with annual deficits exceeding $1 trillion from 2009 to 2012. The annual deficit declined from 2012 to 2015, falling below the $500 billion mark in 2015. Since then, however, the annual deficit has grown each year to $984 billion in 2019.

The visualization was created using the Monthly Treasury Statement (MTS) as the data source for federal government revenue and spending of the United States.

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