Thursday, March 12, 2009

US deficit soars - $765 billion in 5 months

Lower tax revenue and massive government spending on the bank bailout pushed the federal deficit to $765 billion in the first five months of the budget year, well on its way to hitting the Obama administration's projection of a record annual imbalance of $1.75 trillion....

Read more US deficit soars

Source: www.economictimes.indiatimes.com

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