Treasury: deficit hits new record in just 3 months

AP via Yahoo.com ^ | 1.13.2009 | Martin Crutsinger

[TexasNative2000]

WASHINGTON – The Treasury Department says the federal government already has run up a record deficit of $485.2 billion in just the first three months of the current budget year.

The deficit is on track to surpass $1 trillion for all of fiscal 2009 and some economists believe it could go much higher.

[TexasNative2000]

Thank you Sen. McCain and Senate Republicans. The House Republicans had a workable plan and you shafted them and us.

[GeronL]

and if they cannot sell the debt? hyperinflaation earlier than thought?

[Rutles4Ever]

Uh oh. Looks like Geithner might have a nanny problem...

breaking on WSJ.