The government expects to borrow a record $188 billion in the January-March quarter, even more than it anticipated three months ago, the Treasury Department announced Monday.
The total will surpass the old mark of $146 billion set in the first quarter of 2004, a year in which the federal budget deficit hit an all-time high in dollar terms of $413 billion.
The REAL State of the Union. But people will probably focus on the smoke and mirrors show Bush will present. It's a sad time for the U.S.
And with Bush II to the North, a Liberal has no place to run.
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