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U.S. sets $223B deficit record

By Implode-Explode Heavy Industries

``The federal government posted its largest monthly deficit in history in February, a $223 billion shortfall that put a sharp point on the current fight on Capitol Hill about how deeply to cut this year?s spending. That one-month figure, which came in a preliminary report from the Congressional Budget Office, dwarfs even the most robust cuts being talked about on the Hill.''

Full post as published by Mortgage Lender Implode-o-Meter on March 08, 2011 (boomark / email).