WASHINGTON, March 11 (UPI) -- The U.S. government in February spent $211 billion more than it took in, setting a record budget deficit for a month.
The U.S. Treasury released data Wednesday saying figures from last month indicate the federal government will probably pass the annual deficit record of $1.4 trillion set in the last fiscal year.
U.S. Treasury Secretary Timothy Geithner told a House of Representatives subcommittee the deficit spending is aiding economic recovery efforts but also is "unsustainably high."
Thursday, March 11, 2010
Preview of coming attractions.
Posted by traderrob at 5:38 AM