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US budget deficit to increase twofold in 10 years

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The Congressional Budget Office predicts a negative evaluation of the US revenues in the coming 10 years. The analysts noted, that despite the current growth of the country’s revenues, the problem of a huge public debt still cannot be solved, that can generate a twofold deficit of the state budget by 2025. Government revenue will continue to increase, and will reach $5 trillion by 2025, which... 

US budget deficit reaches USD 1.3 Trillion

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The building of the US Treasury Department in Washington DC The US Department of the Treasury has announced that the government’s budget deficit has climbed to USD1.3 trillion in the current fiscal year, fueling concerns about the country’s economic crisis. Washington’s 2011 budget deficit shows an increase of USD 0.01 trillion dollars from the US deficit in the fiscal year 2010,... 
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