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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Nov 14 4:00 PM EST

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To: TobagoJack who wrote (48417)	4/10/2009 5:39:15 PM
From: elmatador	Read Replies (1) of 217802

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 the recession that has depressed tax receipts, the Treasury Department reported Friday. Budget deficit triples to $957 billion for year By Rex Nutting Last update: 2:01 p.m. EDT April 10, 2009 WASHINGTON (MarketWatch) - 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 the recession that has depressed tax receipts, the Treasury Department reported Friday. The deficit through the first six months is more than three times higher than it was this time last year. The government has borrowed $1 trillion from the public so far this fiscal year. In March, the deficit widened to $192.3 billion from $48.2 billion in March 2008. Outlays rose 41% to $321.2 billion from $227 billion, while receipts dropped 28% to $129 billion from $178.8 billion.

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