Deficit dropped by $409 billion in FY 2013

http://www.cbo.gov/publication/44716

"The federal government incurred a budget deficit of $680 billion in fiscal year 2013, which was $409 billion less than the deficit in fiscal year 2012. The fiscal year that just ended marked the first since 2008 that the deficit was under $1 trillion. As a share of the nation’s gross domestic product (GDP), the deficit declined from 6.8 percent in 2012 to 4.1 percent in 2013."

Good job guys!  Obama gets some of the credit since he is in charge.

Net interest rose only $1 billion, from 258 in 2012 to 259 in 2013, thanks largely to the Fed buying up government debt and then sending the interest right back to the Treasury.