U.S. Budget Deficit Tops $1 Trillion for First Time
Uncle Sam’s checkbook is seriously out of whack. With still three months to go in the current fiscal year, the federal government has already hit the trillion-dollar deficit mark for the first time ever in a yearly budget. According to figures released by the Department of the Treasury, the budget was $1.1 trillion in the hole as of the end of June, which was a particularly bad month that deepened the fiscal hole.
- Top Stories
- Unusual News
- Where is the Money Going?
- U.S. and the World
- Appointments and Resignations
- Latest News
- Obama Administration Releases Heavily Censored Version of 6-Year-Old Secret Report Casting Doubt on Legality and Effectiveness of Bush’s Warrantless Spying
- Who are the 8 Americans Killed by Drone Strikes?
- What Happened to $1.3 Billion of Taxpayer Money Sent Directly to U.S. Military Officers in Afghanistan? Pentagon won’t Say
- Wildlife Services Killed more than 2.7 Million Animals Last Year
- Sen. Inhofe Goes for Hypocrisy Record, Saying Climate Change is a Hoax, but Nuclear Power is Good because it Avoids “Dangerous Climate Change”