Deficit Shrinks to Lowest Level of his Presidency, but Obama's Getting Little Credit

The halving of the deficit is one of Barack Obama's signal accomplishments—which few voters acknowledge.
Photograph by Bloomberg/Getty Images
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Updated on Jan. 26

The good news for the country is that the budget deficit has shrunk to the lowest level since Barack Obama took office. The bad news for the president is that he's getting very little credit for it.