May 12th, 2010
02:26 PM ET
13 years ago
U.S. posts April deficit for 3rd time in 30 years
New York (CNNMoney.com) - The government posted only its third April deficit in the past 30 years, according to data released Wednesday by the Treasury Department.
The $82.7 billion shortfall, the most ever run in the month when Americans file their tax returns, brought the deficit for the first seven months of the fiscal year to $799.7 billion. The year-to-date deficit was down marginally from $802.3 billion in the same period a year earlier.
It was the 19th consecutive monthly deficit and surpassed the $20.9 billion shortfall last April.
Way to go Obama you keep breaking records.
We are starting to look like a real third world country now w
Every great Empire declines at some point. With Obama running things we are trying to shorten the cycle.
Maybe we will have a more divided Congress after November. That would at least protect from any more serious self inflicted wounds from the Obama Administration.
Wait until the Feds put out the corrected figures, bet the numbers will be better. Probably find that the real number is something like $1 trillion plus.
If not check with the Labor dept and get their formula that they use to change the unemployment numbers. They can do tricks with numbers unknown to man.
Stats never need to be bad. Just juggle them a little and everyone is happy.