Tuesday, July 14, 2009

Deficit continues....

Today the U.S. Deficit (more money spent than taking in) reached over 1 trillion dollars ($1,000,000,000,000).

"The US budget deficit reached more than one trillion dollars for the current fiscal year in June as the government wrestled with a prolonged recession, official data showed Monday.

Nine months into the 2009 fiscal year that ends September 30, the budget deficit widened by 94.316 billion dollars in June to 1.086 trillion dollars, according to the Treasury's monthly statement of receipts and outlays."

Complete article HERE.

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