Tags: record | Federal | Budget | deficit

December Budget Deficit Sets Record

Wednesday, 13 Jan 2010 02:32 PM

 

The federal budget deficit hit an all-time high for the month of December, and the red ink for the first three months of the current budget year is rising at a more rapid pace than last year's record clip.

The Treasury Department said Wednesday that the deficit last month totaled $91.85 billion, the largest December deficit on record and a bigger imbalance than the $92 billion that economists had expected.

The massive tide of red ink, reflecting the continued fallout from a deep recession and a severe financial crisis, highlights the challenge facing President Barack Obama as he pledges to get control of runaway deficits.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

GOP Has at Least 25 Potential Candidates Lining Up for 2016

Monday, 26 Jan 2015 11:45 AM

The already wide-open field of potential GOP nominees appears to be expanding even more, with exploratory teams and stra . . .

Bill Clinton: Healthcare Begins With Grassroots 'Wellness' Efforts

Monday, 26 Jan 2015 06:55 AM

Former President Bill Clinton called for an intensified emphasis on wellness as opposed to fixing sickness, KESQ News re . . .

Michael Moore Continues Twitter Barrage on 'American Sniper'

Monday, 26 Jan 2015 09:14 AM

Filmmaker Michael Moore continued his attacks against the movie "American Sniper" on his Twitter account over the weeken . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved