Another Deficit Record Set in February

March 11th, 2010

Via: AP:

The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year’s record for the full year.

The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last year.

The deficit through the first five months of this budget year totals $651.6 billion, 10.5 percent higher than a year ago.

The Obama administration is projecting that the deficit for the 2010 budget year will hit an all-time high of $1.56 trillion, surpassing last year’s $1.4 trillion total. The administration is forecasting that the deficit will remain above $1 trillion in 2011, giving the country thrree straight years of $1 trillion-plus deficits.

Posted in Economy | Top Of Page

2 Responses to “Another Deficit Record Set in February”

  1. pookie says:
    March 11, 2010 at 7:19 pm

    What’s our Credit Limit Again?

    http://market-ticker.denninger.net/archives/2065-Whats-Our-Credit-Limit-Again.html

  2. tochigi says:
    March 12, 2010 at 7:24 am

    would you like freedom fries with your hyperdeficitburger, ma’am?

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