Interest Rate Roundup

Monday, July 13, 2009

More record-setting deficit figures to chew on

Hope everyone is having a decent Monday. One item that's worth noting this afternoon is the latest budget update from the U.S. Treasury. Turns out the June deficit came in at $94.3 billion, the first time there's been a deficit for that month since 1991. It's also the largest June deficit ever. The year-to-date tally of red ink? A record $1.1 trillion in the first nine months of the fiscal year that ends September 30, 2009.


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