MMC
07-13-2012, 12:49 PM
WASHINGTON (AP) — The U.S. budget deficit grew by nearly $60 billion in June, remaining on track to exceed $1 trillion for the fourth straight year.
Through the first nine months of the budget year, the federal deficit totaled $904.2 billion, the Treasury Department reported Thursday.
The Congressional Budget Office predicts the deficit for the full year, which ends on Sept. 30, will total $1.17 trillion. That would be a slight improvement from the $1.3 trillion deficit recorded in 2011, but still greater than any deficit before Obama took office.
The International Monetary Fund warned that the U.S. economy could suffer another recession if Congress doesn't do something to avert the so-called "fiscal cliff." The impact could shave 4 percentage points off U.S. growth, the IMF said.....snip~
http://news.yahoo.com/us-government-records-904-2b-deficit-june-180841250--finance.html
The CBO has spoken and once again Obama has spent more this year than he did last year. Also Obama was having a meeting with Geithner. So I would watch with what that putz has to say.....here within the next few days.
Through the first nine months of the budget year, the federal deficit totaled $904.2 billion, the Treasury Department reported Thursday.
The Congressional Budget Office predicts the deficit for the full year, which ends on Sept. 30, will total $1.17 trillion. That would be a slight improvement from the $1.3 trillion deficit recorded in 2011, but still greater than any deficit before Obama took office.
The International Monetary Fund warned that the U.S. economy could suffer another recession if Congress doesn't do something to avert the so-called "fiscal cliff." The impact could shave 4 percentage points off U.S. growth, the IMF said.....snip~
http://news.yahoo.com/us-government-records-904-2b-deficit-june-180841250--finance.html
The CBO has spoken and once again Obama has spent more this year than he did last year. Also Obama was having a meeting with Geithner. So I would watch with what that putz has to say.....here within the next few days.