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Old 12-04-2011, 09:04 PM   #37
casinobonusfrees

Join Date
Oct 2005
Posts
413
Senior Member
Default US deficit up 15.7% in first half of fiscal 2011
Wow... that is a ton of money, and a huge increase in just 6 months of this fiscal years...


WASHINGTON — The US budget deficit shot up 15.7 percent in the first six months of fiscal 2011, the Treasury Department said Wednesday as political knives were being sharpened for a new budget battle.

The Treasury reported a deficit of $829 billion for the October-March period, compared with $717 billion a year earlier, as revenue rose a sluggish 6.9 percent as the economic recovery slowly gained pace.

AFP: US deficit up 15.7% in first half of fiscal 2011
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