What was the federal deficit in 2008?
What was the federal deficit in 2008? Deficit by Year Since 1929 FY Deficit (in billions) Deficit/GDP 2006 $248 1.8% 2007 $161 1.1% 2008 $459 3.1% 2009 $1,413 9.8% How much did the government borrow in 2008? A bank rescue package totalling some £500 billion (approximately $850 billion) was announced Read more…