US budget deficit to hit record level of $1.4tn

Finance News · #1 (**permalink**) 10-08-2009, 01:23 PM

The Congressional Budget Office (CBO) yesterday announced that the US budget deficit could hit a record $1.4 trillion (£877 billion) in the fiscal year to 30 September 2009. The previous record deficit was $459 billion - set last year. The CBO said the forecast federal deficit for the 2009 fiscal year was the highest shortfall [...]

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