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IPFS News Link • Economy - Economics USA

Budget deficit tops $1 trillion for first time

07-13-2009 • AP

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

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

Read Full Story

Reported By Powell Gammill

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Budget deficit tops $1 trillion for first time

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