ABC NewsObama team makes it official: Budget deficit hits record. By a lot.USA TodayThe deficit for Fiscal Year 2009, which ended Sept. 30, came in at a record $1.42 trillion, more than triple the record set just last year. A year ago, as the financial crisis hit and the Bush administration prepared massive bailout plans, ...US Budget Deficit Widened to Record $1.42 Trillion in 2009BloombergFederal Deficit Soars to a Record $1.417 TrillionABC NewsFederal deficit hits all-time high $1.42 trillionThe Associated PressCNNMoney.com -AFP -MarketWatchall 266 news articles »