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 TA-DA! US budget deficit at $1 trillion!!!

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TA-DA! US budget deficit at $1 trillion!!! Vide
PostSubject: TA-DA! US budget deficit at $1 trillion!!!   TA-DA! US budget deficit at $1 trillion!!! Icon_minitimeMon Jul 13, 2009 8:41 pm
The US budget deficit has moved above $1 trillion (£616bn) for the first time - with three months of the financial year remaining, official data show.

The government stepped up spending to counter the recession, and the bailout of financial institutions has taken a huge chunk out of government finances.

Falling tax revenues and unemployment benefit spending have also contributed.

http://news.bbc.co.uk/2/hi/business/8148875.stm

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