Obama has accomplished another milestone today in his Presidency, bringing the federal budget deficit to a record $1 Trillion.
WASHINGTON — Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time ever.
The imbalance is intensifying fears about higher interest rates and inflation, and already pressuring the value of the dollar.
The Treasury Department says the deficit in June totaled $94.3 billion, pushing the total since the budget year started in October to nearly $1.1 trillion.
More of that “change” we can believe in?
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