Off Balance Sheet, Out of Mind
The U.S Treasury's Financial Management Service recently released its monthly Statement of Receipts and Outlays for the United States Government.
For the first time ever, the Treasury reported a deficit above $1 trillion -- $1.086 trillion, and that’s with three big-spending months left to go in the current fiscal year.
To put things in perspective, the reported federal deficit for all of 2008 was $455 billion. At the time, that was a ...
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