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(Image from article: "Federal Budget Deficit Tops $1 Trillion for First Time")

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House health care bill at $1 trillion for decade

Health care legislation taking shape in the House carries a price tag of at least $1 trillion over a decade, significantly higher than the target President Obama has set ...

 

Federal Budget Deficit Tops $1 Trillion for First Time

Federal Budget Deficit Tops $1 Trillion for First Time

Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time.

The imbalance is intensifying fears about higher interest rates and inflation, and already pressuring the value of the dollar. There's also concern about trying to reverse the deficit -- by reducing government spending or raising taxes -- in the midst of a harsh recession.

 

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