CBS Marketwatch, “U.S. Budget Deficit Rises Above $1 Trillion.”
WASHINGTON (MarketWatch) — The U.S. recorded a federal budget deficit of $94.3 billion in June, pushing the cumulative deficit so far this year to a record $1.08 trillion, the Treasury Department reported Monday.
Outlays rose in June to $309.6 billion, while receipts climbed to $215.3 billion in the month.
Among the outlays for June is $11.3 billion in Troubled Asset Relief Program funds, the bailout program for banks and U.S. automakers.
At this time last year, the cumulative federal budget deficit was just $285.8 billion.
We’ll need a comprehensive national energy policy just to keep Treasury’s printing presses running at full speed.
- Wall Street Journal, “Budget Deficit Passes $1 Trillion“
- Bloomberg,”US Budget Deficit Exceeds $1 Trillion for Fiscal Year So Far”
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