Historical peak in the U.S. – the budget deficit of $ 1000 billion

U.S. budget deficit for the first time exceeded 1000 billion dollars in the ninth month of the financial year 2008-2009.
Press reported that France and the Associated Press, by reference to the Ministry of Finance.
In June, the federal deficit amounted to 94.318 billion dollars, which gained in October, the beginning of the financial year, the deficit reached a record 1086.263 billion dollars.
The deficit has reached such heights due to the enormous amount that government spends to combat the recession and financial crisis, combined with a sharp drop in tax revenue. Another significant factor is the wars in Iraq and Afghanistan, notes AP.

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Finance