US Deficit Doubles in One Year
June 12 ,2012
the staff of the Ridgewood blog
Ridgewood NJ , Economists continue to speculate that another budget impasse could lead to further down grades to the United States credit rating potentially derailing the weak economic recovery and further curtail long run economic projections into the foreseeable future.
Making the US Budget deficit more than a key point of political contention in Washington during this election year.
US Deficit more than doubled to $125 Billion and so far this fiscal year, the budget deficit stands at $844.5 billion, slightly narrower than at the same time a year ago.
During fiscal 2011 which ended September 30, the budget deficit totaled $1.296 trillion.