February 2012 | News you Can Use

2012 Keating Report on government budgets and spending – The U.S. economy and government budgets appear to be getting back on their feet in 2012. Sure, the federal budget deficit in 2012 will still be huge — around $1.1 trillion, but so is the government market.  In 2012, government purchases of goods and services will reach $2.99 trillion, down slightly from $3.03 trillion in 2011, according to Waltham, Mass.-based economic forecaster IHS Global Insight. Of that amount, federal government purchases of goods and services will total $1.22 trillion in 2012, while state and local government purchases will reach $1.77 trillion. By 2013, state and local government purchases of goods and services will rebound to $1.79 trillion, predicts IHS.  Read more….