If Your Debt Bothers Your ...

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By
Muhammed El-Hasan
on November 25, 2008 10:21 AM | | Comments (0) |

... this story should make you feel a little better about your own frugality and a lot more wary about our nation's future.

Federal deficit could hit $1 trillion this year

WASHINGTON (AP) -- Budget hawks were aghast when the federal deficit hit a record $455 billion in fiscal 2008, more than double the previous year.

That figure could double again in 2009, to $1 trillion, but even balanced budget advocates are saying that may be the price we have to pay to revive the failing economy.

Read the whole story.

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This page contains a single entry by Muhammed El-Hasan published on November 25, 2008 10:21 AM.

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Open Letter to Obama is the next entry in this blog.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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