U.S. Congress approves the federal budget.

KommentariiBeshenye dengi11.02.2009SShA identify three trillion dollars to save ekonomikiNizhnyaya House of Congress on April 2 approved the draft federal budget. That was reported by Associated Press. "Over" was filed 233 votes, against - 196. Later the same day the draft budget was passed in the Senate by 55 votes in favor and 43 - against, writes The New York Times.
According to the House of Representatives of the document, the budget deficit the United States in the 2009-2010 fiscal year amount to 1.2 trillion dollars, while total expenditures - 3.6 trillion dollars. In the Senate, provided that the country's level of expenditure will be about 3.5 trillion dollars.
At the same time, as presented in the February budget submission to Congress the administration Barak Obama placed the cost at a level of 3.55 trillion dollars, and the deficit, as expected, was up 1.75 trillion dollars, more than 12 per cent of GDP. The increase in the deficit with the previously projected 1.2 trillion dollars must have happened because of the adoption of programs to support the U.S. economy, which amounted to 787 billion dollars.
In February, Obama said that would significantly reduce the budget deficit by 2013, when the end of his first term as President of the United States. By this time, the deficit should reach 533 billion dollars.
In mid-December last year, U.S. authorities reported that a deficit budget for the two months of 2009 fiscal year (which began on 1 October 2008) has already exceeded $ 400 billion. In the 2008 fiscal year ended September 30, the deficit amounted to 454.79 billion dollars.