U.S. Monthly Budget Deficit Balloons to a Record

Unemployment rises in 30 states in January

Five states reported record-high joblessness in January: California, at 12.5 percent; South Carolina, 12.6 percent; Florida, 11.9 percent; North Carolina, 11.1 percent; and Georgia, 10.4 percent.

//news.yahoo.com/s/ap/20100310/ap_on_bi_go_ec_fi/us_state_unemployment



U.S. Monthly Budget Deficit Balloons to a Record

Even as government receipts posted a rare increase in February, soaring outlays pushed the country's year-to-date deficit up to a record $651.60 billion. The government's fiscal 2010 year-to-date deficit is up 10.5% from fiscal year 2009.

//snipurl.com/urdq4



J.P. Morgan: Foreclosure Sales Could Be Higher in Three Years

Efforts to modify loans and delay foreclosures may have helped hold down the stock of foreclosures for sale in the second half of 2009, fostering home-price stabilization. But that cure could require different medicine: an elevated level of foreclosures for sale over the next three years.

//snipurl.com/urdqg



U.S. Taxpayers on Hook for $5 Trillion of Fannie, Freddie Debt ... No Matter What Barney Frank Says

//snipurl.com/urdqt


From Information Clearing House

--------

Obama’s optimism

Fox Business News

by John Stossel

04/13/10

The Washington Post reports: ‘President’s team is optimistic on deficit.’ What? How can that be? The Post’s explanation: The federal deficit is running significantly lower than it did last year, with the budget gap for the first half of fiscal 2010 down 8 percent over the same period a year ago, senior Obama administration officials said Monday. … If the trend continues for the rest of the year, it would mean the annual deficit would be $1.3 trillion — about $300 billion less than the administration’s projection. … Assuming that Post reported that correctly, the Obama Administration is optimistic because … their estimates were wrong. The deficits may be $1.3 Trillion instead of $1.6 Trillion. Would that have been something to brag about when they made their initial estimates? … When the budget outlook over the next 10 years looks like this, a $1.3 Trillion annual deficit is not turning any corners...

//stossel.blogs.foxbusiness.com/2010/04/13/obamas-optimism/


Informant: Thomas L. Knapp



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//freepage.twoday.net/search?q=budget
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