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| Economy |
| Federal Deficit Hits $1.38T through August; Economists Estimate 2009 will be Record Year |
| 2009-09-12 |
| The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year. The Treasury Department said Friday that last month's deficit was $111.4 billion, below the $152 billion that economists expected. Still, the imbalance added to a flood of red ink already accumulated through a severe recession and massive spending needed to stabilize the banking system. |
| Posted by:Fred |
| #1 Thereafter 2010 will be the record year, then 2011... |
| Posted by: trailing wife 2009-09-12 23:08 |