Federal Deficit Hits Record $1.42 trillion
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- News Source: The News Tribune | about 1 month agoForeign demand for long-term U.S. financial assets rose in August even though China trimmed its holdings of Treasury securities. Foreigners purchased $28.6 billion more in assets than they sold in August, according to Treasury data released Friday.
- News Source: Kansas City Star | about 1 month agoIt's the federal budget deficit for 2009, more than three times the most red ink ever amassed in a single year.
It's more than the total national debt for the first 200 years of the Republic, more than the entire economy of India, almost as...
- News Source: Channel NewsAsia | about 1 month agoThe US dollar found some breathing room on Friday as investors looked for safe havens from equity market turmoil and a top European official warned of the perils of a strong euro. Disappointing results from Bank of America and General Electric raised...
- News Source: Seattle Times | about 1 month agoThe annual budget deficit reached $1.4 trillion in fiscal year 2009, the Obama administration said Friday, a record sum by far in dollar terms. It's the result of both a huge jump in spending and a sharp drop in tax revenue. In effect, the federal...
- News Source: Truthdig | about 1 month agoIf you thought last year’s federal budget deficit was pretty big, you were right—and it’s three times as big now! Thanks to the magic of the recession, as well as the government’s attempts to rescue various sectors of the economy (and throw...
- News Source: The Orange County Register | about 1 month agoThe federal budget deficit has surged to an all-time high of $1.42 trillion as the recession caused tax revenues to plunge while the government was spending massive amounts to stabilize the financial system and jump-start the economy. The imbalance...
- Blog Source: www.washingtonexaminer.comForeign demand for long-term US financial assets rose in August even though China trimmed its holdings of Treasury securities.
- Blog Source: www.financialsense.comTo fund this deficit the government sells bonds to whoever will buy them. Many of the buyers are foreign banks and governments. When these bonds are sold, it acts as a capital inflow to the U.S. that should encourage the dollar to rise. ...
- Blog Source: www.sfexaminer.comWhat is $1.42 trillion? It's the federal budget deficit for 2009, more than three times the most red ink ever amassed in a single year. ... A lower dollar would cause prices of imported goods to rise. Inflation would surge. And higher interest rates
- Blog Source: wallstreetpit.comMany expect the dollar to continue to depreciate over the foreseeable future. This column suggests that it may strengthen in 2010 if the Federal Reserve exits. ... Figure 5 shows that the US current account deficit fell from 6.5% of GDP in 2006 to
- Blog Source: www.therealitycheck.orgInterest costs on the national debt will rise, reflecting a higher level of economic risk for foreign dollar holders. To pay higher interest on the national debt, taxes will have to rise, crimping business and depressing employment. Costs of our
- Blog Source: www.voxeu.orgBut the supply net of Fed purchases is expected to rise considerably in 2010, both as quantitative easing purchases taper off and the supply of US Treasuries ramps up (an increase to $2.1trillion seems likely, almost twice as large as a normal year).
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Image Source: blogs.cfr.orgForeign demand for Treasuries ...Image Source: blogs.cfr.orgForeign demand for Treasuries — as ... -
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- Video Source: www.truveo.comForeign Demand For Treasuries ...Video Source: www.truveo.comForeign Demand For Treasuries Still Strong
- Video Source: www.truveo.comThe most disturbing trend in ...Video Source: www.truveo.comThe most disturbing trend in the American economy
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@jaketapper modest proposal: someone should put the record $1.42 trillion deficit in a balloon
about 1 month ago -
@markknoller Interestingly, Treasury says deficit for '09 is $1,417-billion rather than $1.417-trillion. Which do you think seems larger?
about 1 month ago -
@markknoller At $1.417-billion, its the largest federal deficit in US history & the current year deficit is projected to be even bigger: $1.5-trillion.
about 1 month ago -
@markknoller The Administration takes some satisfaction in that the '09 defict was $162-billion less than the $1.58-trillion projected in August.
about 1 month ago -
@markknoller New Treasury #s show federal deficit for 2009 fiscal year (ended 9/30) hit $1.417-trillion - 3 times bigger than previous all time high.
about 1 month ago -
@helenwalters HelenWalters: Smart slideshow. 25 ways Obama wants to rebuild America: http://bit.ly/2LrqUy
about 1 month ago -
@pmintz Bank of America Announces Third-Quarter Net Loss of $1.0 Billion http://bit.ly/8mJSO
about 1 month ago
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