Fiscal 2009 deficit at $957 billion, and rising
The federal budget deficit rose to a record $957 billion in the first six months of fiscal 2009. March government outlays increased 41 percent to $321 billion from March 2008, while revenue fell 28 percent to $129 billion.
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The bottom linefeature Lean times for law school graduates; Hedge-fund manager to repay investors; Unemployment drops in the Rust Belt; Public pensions look worse than ever; Apples's underpaid store employees
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The bottom line
feature In China, fuel costs rise again; Full-service restaurants gain favor; The future of business cards; States take the axe to taxes; New Jersey's strong anti-corruption laws
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The bottom line
feature Mario Monti targets tax evasion; Ticketmaster settles lawsuit over fees; Putting a price on “The 12 Days of Christmas”; China takes a bite out of iPad
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The bottom line
feature Bing captures 12.9% of market; OPEC cuts oil exploration and production; Metal prices soar; GM to end 62-year presence in Delaware; Airlines improve flight arrival times