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  • $1.3 trillion deficit to be second highest of all time

    September 13, 2010 2:21 PM

    WASHINGTON (AP) - The federal government is on track to record the second-highest deficit of all time with one month left in the budget year. The Treasury Department says that through August, the deficit totaled $1.26 trillion. That's down 8.1 percent from the same period in 2009, when the... more »
  • Federal deficit tops $1 trillion through June

    July 13, 2010 2:10 PM

    The federal deficit has topped $1 trillion with three months still to go in the current budget year, showing the continued impact of a deep recession on the government's finances. The Treasury Department says that through the first nine months of this budget year, the deficit totals $1 trillion,... more »
  • President defending his handling of the economy

    December 4, 2009 8:43 AM

    With the nation's unemployment rate still running at 10 percent, President Barack Obama takes his defense of his handling of the economy on the road Friday. Despite limited options due to big budget deficits, he's warming to the possibility of a job-boosting bill. Obama has scheduled appearances Friday in Pennsylvania... more »
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