The ballooning US budget deficit, triggered in large part by the cost of the Iraq war and tax cuts, then increased by economic recovery spending, unemployment charges and financial industry bailouts, has reached $1 trillion for the first time. BBC, Wall Street Journal
Posted by Ellen Wallace on 14 July 2009 at 10:13 |
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This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 14 July 2009.
Filed under: World news
Tags: budget deficit, Business, Politics, US economy
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