Wednesday, Jan 14, 2009
And the Knock On Effect Will Be?
reuters: UPDATE 1-US three-month budget gap exceeds FY 2008 full year
WASHINGTON, Jan 13 (Reuters) - The United States racked up a record $485 billion deficit for the first three months of fiscal 2009, exceeding the $455 billion gap for all of the previous year, the U.S. Treasury said on Tuesday.
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The ballooning deficit could constrain President-elect Barack Obama's ability to revive the U.S. economy with a massive fiscal spending program this year.
Posted by troy @ 11:22 AM (187 views) Add Comment
2 Comments
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1. cornishman said...
"And the Knock On Effect Will Be?"
I've got no idea.
On a slightly different tack, I've also got no idea what the following graph means - but it looks kind of important - and is probably part of the same jigsaw. Would anyone who knows about these things mind exlaining if the enormous swings in the last few months are relevant or just a technical 'blip'?
- from jsmineset.com
2. cornishman said...
- well probably not if the graph won't display...!
see:
http://www.jsmineset.com/wp-content/uploads/2009/01/frtr-20090113_153327.pdf