US budget deficit climbs to record $2.81 trillion
(WorldNews Business)

SILVER SPRING, Md. (AP) — The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday. The nation`s budgetary shortfall is expected to eventually reach levels for the fiscal year that ends Sept. 30 more than double the largest annual deficit on record. The federal government rang up a $63 billion deficit in July, the department reported. That`s a relatively modest amount compared to red ink that spilled in the spring months when the government tried to revive an economy...