Another Deficit Record
The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year’s record for the full year
The Obama administration is projecting that the deficit for the 2010 budget year will hit an all-time high of $1.56 trillion, surpassing last year’s $1.4 trillion total. The administration is forecasting that the deficit will remain above $1 trillion in 2011, giving the country thrree straight years of $1 trillion-plus deficits.
Through the first five months of this budget year, net interest payments totaled $86.5 billion, up 15.3 percent from a year ago.
Read more at www.google.com




