Friday, April 10, 2009

Glimmers of hope. Not.

Budget deficit triples to $957 billion for year

The U.S. federal budget deficit rose to a record $956.8 billion in the first six months of the fiscal year after the government stepped up spending to cope with a recession that has depressed tax receipts, the Treasury Department reported Friday. Compared with a year earlier, corporate income tax receipts fell 90% to $3.4 billion.

Posted by devo @ 07:43 PM (717 views)
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