Sunday, December 12, 2010

November federal budget deficit highest on record

"The federal budget deficit rose to $150.4 billion last month, the largest November gap on record. And the government's deficits are set to climb higher if Congress passes a tax-cut plan that's estimated to cost $855 billion over two years. 

The Treasury Department says November's budget gap was 25 percent more than the deficit in November 2009."     [AP]

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