CBO Monthly Budget Review, November 2009

by Sabrina I. Pacifici on November 10, 2009

News release: “The federal government recorded a total budget deficit of $1.4 trillion in fiscal year 2009, about $960 billion more than the deficit incurred in 2008. The federal deficit rose as a share of the nation’s gross domestic product (GDP) from 3.1 percent in 2008 to 9.9 percent in 2009—the highest deficit as a share of GDP since 1945.”

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