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
- Blackwater Employees Convicted of Murder of 14 Iraqis
- 50% Increase in U.S. Cities Advancing Laws to Restrict the Sharing of Food with Homeless People
- Judge Gives Obama Administration until December to Justify Withholding 2,100 Photos of U.S. Use of Torture in Iraq and Afghanistan
- More Evidence that TV Ads in Judicial Elections Lead to Less Sympathy for Defendants back in the Courtroom
- Police Beating Victim Wins $1,000 Settlement…His Lawyers Get $459,000