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How did the US budget deficit reach a Record 1.5 Trillion on January 26 2011?
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What is the budget deficit of the UK?
4.2 trillion sterling
Who was the president when the budget deficit was 4 trillion?
George W. Bush
How much did the defecit go up under bush?
it's spelled deficit, and it was approximately $5.7 Trillion in January 2001 and $10.3 Trillion in January 2009 - 4.6 Trillion addition; not counting the off budget costs of Iraq and Afghanistan, estimated at $2.5 Trillion. so an approximate increase of $7.1 Trillion over his 8 years!
What was the total deficit when Obama took office?
US budget deficit for 2008 $400 billion. Budget for $2009 $999.95 Billion. 2010 is expected to be $1.43 Trillion. --------- The non-partisan Congressional Budget Office projected the 2009 deficit as $1.2 trillion on January 7, 2009. This was the last estimate they did while Bush was president. These estimates depend on many variables of course, so they are really rough estimates, but clearly the current year deficit was running somewhere above $1trillion when Obama took office.
How much is Americas budget?
America's budget deficit tops $1 trillion for the first time as war and tax revenues take toll
What record number did the federal budget deficit reach in 2004?
$413 Billion
Which president presided over the LARGEST budget deficit in any single year?
President Barack Obama has presided over the largest budget deficit in any single year. He has presided over five of the largest in history. His highest was at $1.296791 trillion in 2011.
What is President Obama's deficit?
5.1trillion over first 4 years would have been 4.6 trillion if Bush budget had not been changed
Did Barack Obama cut 2.5 trillion from the deficit?
No, Barack Obama did not directly cut $2.5 trillion from the deficit during his presidency. However, under his administration, the annual budget deficit was reduced over time. The $2.5 trillion reduction may refer to the overall decrease in the deficit projected over a ten-year period as a result of certain policies enacted during Obama's presidency, including the Affordable Care Act and the Budget Control Act.
Is Government operating balance and Budget deficit the same thing?
sorry not Budget deficit... budget balance
What is a budget deficit?
A budget deficit is when the finances of a something exceeds its revenue. This basically means they have spent too much money.
What is the difference among fiscal deficit budget deficit revenue deficit and trade deficit?
fiscal deficit: not enough money budget deficit: not as much money as you had planned to have in your budget revenue deficit: not enough money coming in trade deficit: you are spending more money on imports than the amount of money which you receive for your exports.
