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
- First Medical Marijuana Ad Appears on Mainstream TV
- Coal Company to Pay Largest Ever Penalty for Violating Clean Water Act
- Massachusetts Supreme Court Okays Upskirt Photographing
- Crosses on Government Property Stir Controversy
- Video Shows L.A. Gang Members Fighting for Pro-Assad Forces in Syria