The federal budget year ended in October. The October deficit number set a record of $176.4 billion, which was higher than the $150 billion economists had predicted.

For the budget year 2009, the deficit reached $1.42 trillion. That too was an all-time record. This year's deficit was $958 billion above the 2008 deficit. October was the 13th straight month to show a deficit.

Continue reading Federal deficit sets October record of $176.4 billion

Federal deficit sets October record of $176.4 billion originally appeared on BloggingStocks on Fri, 13 Nov 2009 12:20:00 EST. Please see our terms for use of feeds.

Have you wondered why we don't see more job growth under the economic stimulus program? One reason is that states are using half of $8.8 billion dollars to plug budget deficits. In all, the Department of Education is disbursing $56.6 billion to the states with few requirements as to how the money is spent.

Here's a breakdown of some of the projects being funded:

Continue reading States are grabbing stimulus money to plug budget deficits

States are grabbing stimulus money to plug budget deficits originally appeared on BloggingStocks on Thu, 09 Jul 2009 14:00:00 EST. Please see our terms for use of feeds.