Treasury announces a record deficit for October |
News - Financial News | |||
Written by Hugh McManus | |||
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November 12, 2009: The US Department of The Treasury announced that the government has started its new, 2010, fiscal year, with a record deficit–$176.4 billion. It's the largest monthly deficit ever. The excess spend for the 2009 budget year is now estimated to be around $1.4 trillion–another record.
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