All-Time High: Federal Deficit Hits $1.4 Trillion

The federal budget deficit has surged to an all-time high of $1.42 trillion as the recession caused tax revenues to plunge while the government was spending massive amounts to stabilize the financial system and jump-start the economy.

This article available online at:

http://www.theatlantic.com/business/archive/2009/10/all-time-high-federal-deficit-hits-14-trillion/28576/