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FRONT PAGE  |  11/24/2017
SATURDAY, OCT 17, 2009  |  1 comments
'09 budget deficit tripled to $1.4 trillion
The federal budget deficit more than tripled to $1.4 trillion in the fiscal year that ended last month, the Treasury Department confirmed Friday.

Relative to the size of the economy, the fiscal 2009 deficit was 9.9 percent of gross domestic product, the biggest shortfall since 1945. For each dollar of revenue, the federal government spent $1.67.


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washingtontimes.com

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