to a new record. The huge deficit in the 11 months of the current fiscal year started in October was more than triple the amount of red ink incurred during the year-ago period. The deficit for ...

topped 1.38 trillion dollars with one month left in this fiscal year, according to Treasury Department statistics released on Friday. The Department reported that the U.S. federal government spent 111.4 billion dollars more than it made ...

of the governments economic stimulus package and financial rescue program, and the recession, which has resulted in sharp decline in tax revenue. While tax revenues are down, the government is paying out more than expected for ...