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U.S. posts 19th straight monthly budget deficit

Posted By admin On May 13, 2010 @ 4:14 am In U.S. News | Comments Disabled

Reuters
May 13, 2010

The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009 and the largest on record for that month, the Treasury Department said on Wednesday.

It was more than twice the $40-billion deficit that Wall Street economists surveyed by Reuters had forecast and was striking since April marks the filing deadline for individual income taxes that are the main source of government revenue.

Department officials said that in prior years, there was a surplus during April in 43 out of the past 56 years.

The government has now posted 19 consecutive monthly budget deficits, the longest string of shortfalls on record.

Full article here [1]

U.S. posts 19th straight monthly budget deficit 260310banner2 [2]


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URLs in this post:

[1] Full article here: http://www.reuters.com/article/idUSTRE64B53W20100512

[2] Image: http://purewaterfreedom.com/

[3] November Budget Deficit $150.4 Billion, Worse Than $138 Billion Consensus, Biggest November Deficit On Record: http://www.prisonplanet.com/november-budget-deficit-150-4-billion-worse-than-138-billion-consensus-biggest-november-deficit-on-record.html

[4] Soaring U.S. Budget Deficit Will Mean Billions in Bond Sales: http://www.prisonplanet.com/soaring-us-budget-deficit-will-mean-billions-in-bond-sales.html

[5] US budget deficit to reach USD 1 trillion: http://www.prisonplanet.com/us-budget-deficit-to-reach-usd-1-trillion.html

[6] US August Budget Deficit Soars To $192 Billion, $1.17 Trillion In Fiscal 2012: http://www.prisonplanet.com/us-august-budget-deficit-soars-to-192-billion-1-17-trillion-in-fiscal-2012.html

[7] White House forecasts higher U.S. budget deficit: http://www.prisonplanet.com/white-house-forecasts-higher-us-budget-deficit.html

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