Federal Budget Deficit Nearing $1 Trillion

9 years 3 weeks 2 days ago Friday, June 10 2011 Jun 10, 2011 Friday, June 10, 2011 12:26:00 PM CDT June 10, 2011 in News
By: Associated Press

WASHINGTON (AP) -- The federal budget deficit is nearing the $1 trillion mark for a third straight year, putting pressure on Congress and the Obama administration to come up with a plan to rein in government spending.

The Treasury Department says the deficit through the first eight months of this year totaled $927.4 billion. That's slightly lower than last year's pace, when the deficit grew to $1.29 trillion.
The imbalance for May was $57.6 billion, compared to $135.9 billion for the same month last year. But much of that improvement came from a $45 billion write down in the estimated cost of the financial bailout program.

Soaring deficits have prompted Republicans to insist on deep spending cuts before agreeing to raise the $14.3 trillion borrowing limit, which the government hit in May.

 

More News

Grid
List
COLUMBIA - Mayor Brian Treece gave an update Thursday morning on his thoughts about the proposed mask ordinance. "On... More >>
1 day ago Thursday, July 02 2020 Jul 2, 2020 Thursday, July 02, 2020 2:07:00 PM CDT July 02, 2020 in News
COLUMBIA – The extended deadline for filing income taxes is fast approaching, but help is available for those who need... More >>
1 day ago Thursday, July 02 2020 Jul 2, 2020 Thursday, July 02, 2020 1:43:00 PM CDT July 02, 2020 in Continuous News
(CNN) -- Sleep problems in early childhood may be linked to the development of certain mental health disorders in adolescence,... More >>
1 day ago Thursday, July 02 2020 Jul 2, 2020 Thursday, July 02, 2020 9:26:54 AM CDT July 02, 2020 in A Brighter Tomorrow
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. You can... More >>
1 day ago Thursday, July 02 2020 Jul 2, 2020 Thursday, July 02, 2020 7:31:00 AM CDT July 02, 2020 in News
COLUMBIA - Boone County has seen its number of COVID-19 cases rise over the past few weeks. This has prompted... More >>
1 day ago Thursday, July 02 2020 Jul 2, 2020 Thursday, July 02, 2020 4:51:00 AM CDT July 02, 2020 in News
COLUMBIA - After a yearslong battle between local activists and the city that featured environmentalist Sutu Forté... More >>
1 day ago Wednesday, July 01 2020 Jul 1, 2020 Wednesday, July 01, 2020 10:00:00 PM CDT July 01, 2020 in News
JEFFERSON CITY- Jonathan Irons was wrongfully convicted for almost 23 years in the state prison system, however Wednesday, July 1... More >>
1 day ago Wednesday, July 01 2020 Jul 1, 2020 Wednesday, July 01, 2020 9:19:00 PM CDT July 01, 2020 in News
COLUMBIA - The Columbia City Council plans to review an ordinance on July 6 that would require people to wear... More >>
1 day ago Wednesday, July 01 2020 Jul 1, 2020 Wednesday, July 01, 2020 8:26:00 PM CDT July 01, 2020 in News
DUBUQUE, Iowa (AP) — Officials in Dubuque have been informed that the IBM Client Innovation Center will close within four... More >>
1 day ago Wednesday, July 01 2020 Jul 1, 2020 Wednesday, July 01, 2020 5:47:27 PM CDT July 01, 2020 in News
COLUMBIA —MU's Greek Life is looking at changes after the university released its new Show Me Renewal Plan for the... More >>
1 day ago Wednesday, July 01 2020 Jul 1, 2020 Wednesday, July 01, 2020 5:34:00 PM CDT July 01, 2020 in News
COLUMBIA -— With COVID-19 limiting public firework displays this Fourth of July, health experts are warning people of the dangers... More >>
1 day ago Wednesday, July 01 2020 Jul 1, 2020 Wednesday, July 01, 2020 4:44:00 PM CDT July 01, 2020 in News
COLUMBIA— June saw the highest numbers of COVID-19 tests in Missouri so far. Some testing centers are struggling to... More >>
1 day ago Wednesday, July 01 2020 Jul 1, 2020 Wednesday, July 01, 2020 3:59:00 PM CDT July 01, 2020 in News
HALLSVILLE — For Mid-Missouri high school football coaches, this summer is a little bit different. Due to the COVID-19... More >>
1 day ago Wednesday, July 01 2020 Jul 1, 2020 Wednesday, July 01, 2020 3:44:00 PM CDT July 01, 2020 in News
JEFFERSON CITY — The Jefferson City Police Department arrested a suspect after a shots fired disturbance on June 26 at... More >>
2 days ago Wednesday, July 01 2020 Jul 1, 2020 Wednesday, July 01, 2020 2:46:54 PM CDT July 01, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. You can... More >>
2 days ago Wednesday, July 01 2020 Jul 1, 2020 Wednesday, July 01, 2020 2:23:00 PM CDT July 01, 2020 in News
JACKSON COUNTY - From July 10 to July 13, both directions of I-70 on the east side of Kansas City's... More >>
2 days ago Wednesday, July 01 2020 Jul 1, 2020 Wednesday, July 01, 2020 11:42:00 AM CDT July 01, 2020 in News
CALIFORNIA - Deputies with the Moniteau County Sheriff's Office took a Jefferson City man into custody Sunday after finding drugs... More >>
2 days ago Wednesday, July 01 2020 Jul 1, 2020 Wednesday, July 01, 2020 10:44:00 AM CDT July 01, 2020 in News
COLUMBIA - Storms moving through mid-Missouri Wednesday morning knocked out power to around 1,500 people in north Columbia. Boone... More >>
2 days ago Wednesday, July 01 2020 Jul 1, 2020 Wednesday, July 01, 2020 8:22:57 AM CDT July 01, 2020 in News
Columbia, MO
Broken Clouds 88°
4pm 86°
5pm 81°
6pm 80°
7pm 81°