December Budget Deficit Sets Record

Wednesday, 13 Jan 2010 02:32 PM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

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 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
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

Church of England Leaders Disagree on Marriage, Abortion

Wednesday, 26 Nov 2014 16:28 PM

The Church of England is suffering "serious fractures" among its senior leaders over the issues of same-sex marriage and . . .

Missouri Republicans: Dems Will Suffer For Handling of Ferguson

Wednesday, 26 Nov 2014 15:43 PM

Democrats will pay a big political price in Missouri for Gov. Jay Nixon’s failure to have the state’s National Guard on  . . .

Ben Carson: Race Relations Have Worsened Under Obama

Wednesday, 26 Nov 2014 14:57 PM

Renowned neurosurgeon Ben Carson believes that race relations in the United States have worsened during President Obama’ . . .

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