Federal deficit hits record $164.4B in November

USA Today

12/10/08

The federal government registered a record budget deficit for the month of November, reflecting the impact of a recession on tax receipts and the mounting costs of the $700 billion financial rescue program. The country remains on track to hit a record deficit of $1 trillion or more for the entire year, which would be more than double the previous all-time high set last year...

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Informant: Thomas L. Knapp



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