The U.S. government ran a deficit of $680 billion in the financial year that ended last month — the first time since 2008 that the annual shortfall has been under $1 trillion. It represents a fall from $1.09 trillion in 2012, but as the AP reports, "It's still the fifth-largest deficit of all time."
The Treasury Department announced the news along with the White House budget office Wednesday.
One person who got a letter canceling his health insurance was Rep. Cory Gardner, R-Colo. He holds up the letter during a congressional hearing Wednesday on insurance problems. He says his family chose to buy private insurance rather than use the congressional plan.
President Obama repeated this line or a variation of it many times during the campaign to pass his landmark health care bill: "If you like your health care plan, you'll be able to keep your health care plan, period."
But while that might be true for people who get health insurance through their employer, it's not true for many people who buy their policies in the individual market — about 5 percent of the nation's policyholders.
Originally published on Wed October 30, 2013 9:33 pm
Only one team has a chance of winning the World Series tonight in Game 6 at Fenway Park: the Boston Red Sox. The St. Louis Cardinals have a chance to lose the series — or they can kick off a two-game sweep to win it all on the road. For Boston fans, this is the first time they would be able to celebrate a home World Series win since 1918.
Game 6 begins at 8:07 p.m. ET; it's being televised by Fox. Here are the big storylines we're seeing: