Deficits/Debt
January 7, 2009
What should the U.S. deficit be for the foreseeable future?
Reuters, by Richard Cowan & Jeremy Pelofsky in Deficits/Debt
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"The U.S. budget deficit will swell to $1.186 trillion in the 2009 fiscal year that ends on Sept. 30, the Congressional Budget Office will forecast on Wednesday in a new assessment of the ailing economy, according to a government source."
The huge budget deficit anticipated in fiscal 2009 is in contrast to the roughly $455 billion deficit recorded last year and presents an enormous challenge to President-elect Barack Obama."
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
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