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
- Federal Judges Order Obama Administration to Release Memo Justifying Assassination of Americans
- Oklahoma Legislators, Bowing to Big Business, Raise Rates for Small Producers of Solar and Wind Power
- Cold War could Turn into Wet War if U.S. Navy Dolphins Deploy to Black Sea
- Sale of Post Office Properties Ignored Historical Importance
- Nebraskans Want Colorado to Share Cost of Prosecuting Citizens Caught with Marijuana in Nebraska