The federal budget deficit spiked in March – driving the nation closer to economic disaster.

ABC News has the story:

The Treasury Department says the deficit for March totaled $108.0 billion. That marks the biggest March deficit in four years and was more than double the imbalance in March 2015.

The large jump from a year ago reflected calendar shifts, which had made the 2015 deficit look smaller because $36 billion in benefit payments were shifted into February.

Through the first six months of this budget year that began on Oct. 1, the deficit totals $461.0 billion. That represents an increase of 4.9 percent from the same period a year ago. The Congressional Budget is forecasting a higher deficit for the full year.

Through the first six months of this budget year that began on Oct. 1, the deficit totals $461.0 billion. That represents an increase of 4.9 percent from the same period a year ago. The Congressional Budget is forecasting a higher deficit for the full year.

It’s time for our leaders to get our financial house in order – it’s the reason they are in office! Click here to help Tea Party Patriots urge our lawmakers to support a commonsense spending plan that would balance the budget within five years!