News Source: Seattle Times
| about 1 month ago
That boosted the shortfall for the full fiscal year that ended Sept. 30 to $1.42 trillion...GDP, since 1940: 30.3% 1943 deficit 21.5% 1945 deficit 10% 2009 deficit 6% 1983 deficit 3.2% 2008 deficit The Associated Press
News Source: Denver Post
| about 1 month ago
The Obama administration said Friday that the federal budget deficit for the fiscal year that just ended was $1.4 trillion, nearly a trillion dollars greater than the year before and the largest shortfall relative to the size of the economy since...
News Source: Asian Wall Street Journal
| about 1 month ago
The Treasury said the U.S. ran its biggest budget deficit since World War II, a record that promises to complicate Democrats' efforts to enact their agenda. The Treasury Department reported that the deficit for the 2009 fiscal year ended Sept. 30...
News Source: Washington Post
| about 1 month ago
The federal budget deficit soared to a record $1.4 trillion in the fiscal year that ended in September, a chasm of red ink unequaled in the postwar era that threatens to complicate the most ambitious goals of the Obama administration, including plans...
News Source: The Hindustan Times
| about 1 month ago
The US federal budget deficit has tripled to a record high of $1.42 trillion in the past year amid the worst economic crisis in decades, according to government data released on Friday. The figure for the 2009 fiscal year, which ended Sep 30,...
News Source: Canada.com
| about 1 month ago
The United States must live within its means once its economy recovers if it is to preserve global confidence in the U.S. dollar's status, Treasury Secretary Timothy Geithner said on Friday. He made the comments after the Obama administration...