The Associated Press 1 comment Graphic shows federal debt held by public as percentage of GDP What is $1.42 trillion?
It's more than the total national debt for the first 200 years of the Republic, more than the entire economy of India, almost as much as Canada's, and more than $4,700 for every man, woman and child in the United States.
CBO: Federal deficit projected at $1.35T
The latest congressional budget estimates out Tuesday predict a $1.35 trillion deficit for this year as the economy continues to slowly recover from the recession.
Obama Weighs Bank Fee to Help Cut the Federal Deficit
Though details are sketchy, the fee would recover money put up to bail out the banks, a rescue that has contributed to the largest deficit since World War II.
After spending binge, White House says it will focus...
Barack Obama plans to announce that he wants to focus extensively on cutting the federal deficit in 2010. Lets see then, he needs to veto government take over of health care, cap and trade....
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