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Archive Home > 2009 > June > 11 > Deficit close to $1 trillion

Deficit close to $1 trillion

By The Associated Press / The Bulletin
June 11, 2009

WASHINGTON — The federal budget deficit soared to a record for May of $189.7 billion, pushing the tide of red ink close to $1 trillion with four months left in the budget year.

The rising deficit reflects increased government spending due to the recession, and billions of dollars spent....

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