US Federal Deficit Decreasing

Federal deficits rose under Reagan (R), decreased under Clinton (D), increased under Bush 2 (R), have been decreasing under Obama (D).

http://www.usgovernmentdebt.us/us_deficit

Deficit: The amount by which the government's total budget outlays exceeds its total receipts for a fiscal year. —US Senate Budget Committee

Or, approximately, the federal deficit is the amount by which the federal debt increases in a single year.

Recent US Federal Deficit Numbers
Obama Deficits Bush Deficits
FY 2013*: $901 billion FY 2009†: $1,413 billion
FY 2012: $1,089 billion FY 2008: $459 billion
FY 2011: $1,300 billion FY 2007: $161 billion
FY 2010: $1,293 billion