Part II: The Real 3rd Quarter 2003 Deficit

Sunday, February 22, 2004

2003 Deficit Update.

Earlier I wrote that the 2nd quarter 2003 CY deficit was approx. $1.4 trillion adjusted for refunding of old debt. The 2nd auarter final deficit amount annualized was $1.25 trillion. The 3rd quarter interim defict on an annualized basis is now $1.14 trillion. The final numbers (4th quarter) won't be... Sign in to see full entry.

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The $1.2 trillion deficit posted by the Federal Reserve is four times larger than the Administration's announced budget deficit.

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