Federal Deficit Tops One Trillion Dollars

For the first time ever, the federal deficit is over one trillion dollars; and the year is not over yet!

http://www.foxnews.com/politics/2009/07/13/federal-budget-deficit-tops-trillion-time

"Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time.

The imbalance is intensifying fears about higher interest rates and inflation, and already pressuring the value of the dollar...

The Treasury Department said Monday that the deficit in June totaled $94.3 billion, pushing the total since the budget year started in October to nearly $1.1 trillion."