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It's been less than 10 months since the world record for a lottery prize. On Saturday night, it could conceivably fall once again.more>> It's all about the odds.more>> Lottery officials have announced winning numbers in a near-historic Powerball jackpot.more>> Lottery officials say the winning numbers in a near-historic Powerball jackpot have been drawn.more>> A funeral has been scheduled for Wednesday for a 21-year-old Hofstra University student who was gunned down during a break-in at her apartment near the school's Long Island campus.more>> A Hofstra University student being held in a headlock at gunpoint by an intruder was accidently shot and killed by a police officer who had responded to the home invasion at an off-campus home, police said Saturday.more>> A pair of tamed but persistent wildfires still burned in the hills and mountains around Interstate 5 after a wild week of burning brush in the area north of Los Angeles.more>> One of two wildfires burning in the hills and mountains around Interstate 5 north of Los Angeles was fully contained Saturday and authorities were getting an upper hand on the second one.more>> Police say a gunman used anti-gay slurs before fatally shooting a 32-year-old man in New York City's Greenwich (GREN'-ich) Village.more>> Police say the man charged with killing a gay man on a Manhattan street in an apparent hate crime has a previous arrest for attempted murder.more>> Witnesses in southwestern Virginia say a car has driven into a crowd at a parade. Several people appear to be hurt, but the nature of their injuries wasn't immediately known.more>> An elderly driver plowed into dozens of hikers marching in a Saturday parade in a small Virginia mountain town and investigators were looking into whether he suffered a medical emergency before the accident.more>> Two commuter trains packed with rush-hour commuters collided in an accident that sent more than 60 people to Connecticut hospitals, severely damaged the tracks and threatened to snarl travel in the congested...more>> The commuter train derailment and collision that left dozens injured outside New York City was not the result of foul play, officials said Saturday, but a fractured section of rail is being studied to determine if it is...more>> Inmates at jails in Indianapolis, Baltimore, St. Louis and Philadelphia face the nation's highest levels of sexual abuse at the hands of guards, according to a new federal report based on surveys of inmates at...more>> Inmates at jails in Indianapolis, Baltimore, St. Louis and Philadelphia face the nation's highest levels of sexual abuse at the hands of guards, according to a new federal report based on surveys of inmates at U.S. jails...more>> The FBI and other law enforcement agencies are executing a search warrant in the case of two letters containing the deadly poison ricin that were intercepted this week at a post office in Washington state.more>> Authorities in hazardous materials suits searched a downtown Spokane apartment Saturday, investigating the recent discovery of a pair of letters containing the deadly poison ricin.more>> First lady Michelle Obama has some advice for some Tennessee high school graduates: strike your own path in college and life and work to overcome inevitable failures with determination and grit.more>> First lady Michelle Obama has some advice for some Tennessee high school graduates: Strike your own path in college and life and work to overcome inevitable failures with determination and grit.more>>
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Senators Gillibrand and Snowe discuss the need to end sexual assaults in the military.more>> Senators Gillibrand and Snowe discuss the need to end sexual assaults in the military.more>> Damage control: Obama takes action on trio of controversies, but Republicans still unsatisfiedmore>> Damage control: Obama takes action on trio of controversies, but Republicans still unsatisfiedmore>> Holder: Justice probe of IRS could include civil rights violations, potential false statementsmore>> Holder: Justice probe of IRS could include civil rights violations, potential false statementsmore>> Pressure on Benghazi, IRS, leaks investigation pose big hurdles for Obama's second-term hopesmore>> Pressure on Benghazi, IRS, leaks investigation pose big hurdles for Obama's second-term hopesmore>> Pressure on Benghazi, IRS, leaks investigation pose big hurdles for Obama's second-term hopesmore>> Pressure on Benghazi, IRS, leaks investigation pose big hurdles for Obama's second-term hopesmore>> Pressure on Benghazi, IRS, leaks investigation pose big hurdles for Obama's second-term hopesmore>> Pressure on Benghazi, IRS, leaks investigation pose big hurdles for Obama's second-term hopesmore>> Government obtains wide set of Associated Press phone records in investigation, using subpoenamore>> Government obtains wide set of Associated Press phone records in investigation, using subpoenamore>> Bank heist impressed cybercrime experts with its technical sophistication, effectivenessmore>> Bank heist impressed cybercrime experts with its technical sophistication, effectivenessmore>> Police say 19 victims in New Orleans Mother's Day shooting included 2 childrenmore>> Police say 19 victims in New Orleans Mother's Day shooting included 2 childrenmore>> Obama declares health care law 'is here to stay,' launches effort to sell expanded coveragemore>> Obama declares health care law 'is here to stay,' launches effort to sell expanded coveragemore>>
WASHINGTON (AP) - The U.S. budget deficit grew by nearly $60 billion in June, remaining on track to exceed $1 trillion for the fourth straight year.
The Treasury Department said the deficit through the first nine months of the budget year totaled $904.2 billion.
President Barack Obama is almost certain to face re-election after running trillion-dollar-plus deficits in each year during his first term in office.
The Congressional Budget Office predicts the deficit for the full year, which ends on September 30, will total $1.17 trillion. That would be a slight improvement from the $1.3 trillion deficit recorded in 2011.
The imbalance for the budget year, which began Oct. 1, is 6.8 percent below the level for the same period a year ago. Revenues are up 5.2 percent so far this year.
(Copyright 2012 by The Associated Press. All Rights Reserved.)
