The Treasury Department says the deficit totaled $971 billion for the first nine months of the budget year. Three years ago, that would have been a record high for the full year.
With three months to go, this year's deficit will likely top last year's $1.29 trillion gap but come in below the record $1.41 trillion reached in 2009. The budget year ends Sept. 30.
For June, the deficit was $43 billion, which is below the $68 billion imbalance recorded in June 2010.