The United States has reached a new height in fiscal history.
The deficit topped $1.1 trillion for the first time ever, the Treasury Department announced today.
In June, the deficit totaled $94.3 billion.
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The government's efforts to combat the recession-including a $787 billion stimulus bill and a $700 billion financial rescue plan–are among the largest contributors to the deficit.
Spending for the first nine months of the fiscal year, which started last Oct. 1, was $2.67 trillion, compared with $2.22 trillion during the same period for the last fiscal year.
Revenues were $1.69 trillion, compared with $1.93 trillion during the same period of the last fiscal year.
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