Hello There, Guest! (LoginRegister)

      
Post Reply 
Federal deficit hits $1.38T through August
Author Message
Bookmark and Share
ctipton Offline
Jersey Retired
Jersey Retired

Posts: 32,482
Joined: Mar 2004
Reputation: 140
I Root For: UC and the Reds
Location: Cincinnati West Side

DonatorsDonators
Post: #1
Federal deficit hits $1.38T through August
Federal deficit hits $1.38T through August

Published - Sep 11 2009 02:06PM EDT

By MARTIN CRUTSINGER - AP Economics Writer

The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year.

The Treasury Department says the deficit last month was $111.4 billion, below the $152 billion that economists expected.

Still, the imbalance added to a flood of red ink already accumulated through a severe recession and massive spending needed to stabilize the banking system.

The Obama administration last month trimmed its forecast for this year's deficit to $1.58 trillion, from an earlier $1.84 trillion. The recovery of the banking system led to the reduced estimate as it meant the administration did not need to get an additional $250 billion in bailout support for banks.

http://www.rr.com/news/topic/article/rr/...gust/full/
 
09-11-2009 01:37 PM
Find all posts by this user Quote this message in a reply
Advertisement


rath v2.0 Offline
Wartime Consigliere
*

Posts: 51,150
Joined: Jun 2007
Reputation: 2150
I Root For: Civil Disobedience
Location: Tip Of The Mitt

Donators
Post: #2
RE: Federal deficit hits $1.38T through August
Now that's CHANGE. Not much HOPE.
 
09-11-2009 05:07 PM
Find all posts by this user Quote this message in a reply
nachoman91 Offline
All American
*

Posts: 2,787
Joined: Mar 2004
Reputation: 63
I Root For: UC Bearcats
Location:
Post: #3
RE: Federal deficit hits $1.38T through August
Is there a historical timeline that shows the deficit growth under each president? What was the deficit at the start of Obama's term?

Nevermind

I found it.
 
(This post was last modified: 09-15-2009 09:36 AM by nachoman91.)
09-15-2009 09:22 AM
Visit this user's website Find all posts by this user Quote this message in a reply
Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2024 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2024 MyBB Group.