CBO: Deficit to Hit Record $1.5T

New budget estimates released today predict the government’s deficit will hit almost $1.5 trillion this year, a new record. The daunting numbers mean that the government will have to borrow 40 cents for every dollar it spends. The latest figures are up from previous estimates because of bipartisan legislation…

See the article here:
CBO: Deficit to Hit Record $1.5T

Posted by on January 26, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry