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FY 08 budget deficit swells to record $455 billion

Posted by weblaunches 1214 days ago (http://www.reuters.com)
Category: Economy | Tags: deficit fiscal budget
The U.S. budget deficit hit a record $455 billion in fiscal 2008 as a slowing economy sapped revenues while spending on wars, bank failures and unemployment-related benefits soared, the Treasury Department said on Tuesday.
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