EagleTribune.com, North Andover, MA


treasury pic 093012

A statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washington. A sea of red ink is confronting the nation and presidents to come. The budget deficit â€" the shortfall created when the government spends more in a given year than it collects in taxes and fees â€" is on track to top $1 trillion for the fourth straight year.

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