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Federal Budget Deficit More Than Doubles, to $407B

Stimulus package contributed; figure is expected to break record in fiscal '09

By Wesley Oliver, Newser Staff

Posted Sep 9, 2008 4:27 PM CDT

(Newser) – The federal deficit will swell to $407 billion in the fiscal year that ends this month, the Washington Post reports, a figure more than twice last year’s total. Congressional budget analysts blamed the surge on weak revenue growth and accelerated spending, including the $168... Read full story »

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Federal Budget Deficit More Than Doubles, to $407B

Stimulus package contributed; figure is expected to break record in fiscal '09

The Candidates on the Economy

Barack Obama • White House • national debt • US Congress • federal spending • budget deficit • economic stimulus package • financial crisis

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More Newser Stories

Obama Calls White House Debt Talks

Boehner says they'll be useless

No. of Reps Who Donated to National Debt in 2010: 3

But even if they gave full salaries, they'd barely make a den

House Dems Debut $825B Stimulus Bill

Public works, education get plenty of attention in measure

How Much Did Obama Really Add to Deficit?

Ezra Klein crunches the numbers and comes up with a lower total than you think

Second Stimulus, Additional Debt Release Coming

President to trade short-term spending for long-term cuts

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