US in Record $455B Federal Deficit

US in Record $455B Federal Deficit

In other economic news, the White House has reported a record federal deficit of nearly $455 billion in fiscal 2008. That’s an increase of $162 billion over 2007. Economists are predicting an even higher number for fiscal year 2009, which began this month. Estimates say the deficit could reach as high as $1 trillion.

http://www.democracynow.org/2008/10/15/headlines#3


see also:

Deficit Hits $455 Billion, Highest Percent Since ’04

http://www.nytimes.com/2008/10/15/washington/15deficit.html?scp=1&sq=us%20budget%20deficit&st=cse