Wednesday, May 13, 2009

U.S. Federal Deficit to Worsen due to Dismal Projections

The U.S. government will have to borrow 48 cents for every dollar spent this year and 35 cents for every dollar it spends in 2010. Congressional Budget Office figures released Monday would increase the record federal deficit to more than $1.8 trillion as a result of deep recession that could stretch to 2010.

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