Monday, May 11, 2009

US to borrow 46 cents for every dollar spent

deterioration reflects lower tax revenues and higher costs for bank failures, unemployment benefits and food stamps.

the measure economists say is most important, the deficit would be 12.9 percent of GDP this year, the biggest since World War II. It would drop to 8.5 percent of GDP in 2010

Click on the following to read the rest of the story:  US to borrow 46 cents for every dollar spent

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