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US Deficit Tops $1 Trillion For First Time In 7 Years
Friday, September 13, 2019 - 10:29am | 266Read More...The federal budget deficit has topped $1 trillion for the first time in seven years, the Treasury Department said. Expenses in August eclipsed incoming revenue by $214 billion this month, taking the government’s total shortfall to just under $1.07 trillion, the government reported Thursday....
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CBO Reports Job Increases and GDP Decreases
Wednesday, August 24, 2011 - 3:48pm | 483Read More...Weeks after Congress was able to pass a last-minute proposal to raise the debt ceiling, the Congressional Budget Office projects a $1.3 trillion budget deficit for 2011. This is the third largest budget deficit in 65 years. (Via the Washington Post.) According to the CBO report, the $1.3 trillion...
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OUCH! U.S. Postal Service Reports $2.2 Billion Quarterly Loss
Wednesday, May 11, 2011 - 6:48am | 311Read More...The U.S. Postal Service reported Tuesday a second quarter net loss of $2.2 billion, compared to a net loss of $1.6 billion for the same period in FY 2010. According to the press release, "Despite significant cost reductions and revenue growth initiatives, current financial projections indicate...
