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An up-to-date look at the Financial World

17 Oct

US budget deficit hits record $1.4 trillion (AFP)

Posted in business on 17.10.09

The US government closed its 2009 fiscal year with a record budget deficit of 1.417 trillion dollars, some 962 billion dollars higher than the prior year, officials said Friday.(AFP/File/Shawn Thew)AFP – The US government closed its 2009 fiscal year with a record 1.417 trillion dollar budget deficit as it poured resources to contain a serious financial crisis that plunged the nation into recession.



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