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U.S. posts record 220.9 billion-dollar budget deficit.

The U.S. budget deficit fell to a record 220.9 billion dollars last month, a 14 percent higher shortfall than the previous

record 193.9 billion dollars in February February: see month.  of last year, the U.S. Treasury

Department reported on Wednesday. The latest report marked the 17th consecutive month that the U.S.

government has posted deficits. The cumulative deficit for fiscal 2010, which started in October, reached

651.6 billion dollars, up from 589.8 billion in the same period the year

before, the Treasury Department said. The Obama administration is predicting the deficit will reach 1.56 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time.

(mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed.

In the USA and Canada, 10^12.
 

dollars this year. Receipts last month totaled 107.5 billion dollars, up from 87 billion

dollars a year ago, while outlays Outlays

Payments on obligations in the form of cash, checks, the issuance of bonds or notes, or the maturing of interest coupons.
 totaled 328.4 billion, up from 281 billion,

the report noted. President Barack Obama last month signed into law a record 1.9

trillion-dollar increase in the government's debt limit, bringing the new cap

to about 14.3 trillion dollars.

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Publication:Kuwait News Agency (KUNA)
Date:Mar 11, 2010
Words:175
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