{"id":12138,"date":"2009-04-07T17:00:43","date_gmt":"2009-04-07T17:00:43","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/us_deficit_nearly_1_trillion_in_first_half_of_fy2009\/"},"modified":"2009-04-07T17:00:43","modified_gmt":"2009-04-07T17:00:43","slug":"us_deficit_nearly_1_trillion_in_first_half_of_fy2009","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=12138","title":{"rendered":"U.S. deficit nearly $1 trillion in first half of FY2009"},"content":{"rendered":"<p>The government likely recorded $953 billion in red ink from October through March including $290 billion for the Troubled Asset Relief Program, or TARP, which was to provide much-needed cash to struggling financial institutions, the CBO said.<\/p>\n<p>Receipts during the six-month period dropped about $160 billion, or 14 percent, over the same period in fiscal 2008. Nearly half of the drop, $73 billion, came from a fall in corporate income tax receipts.<\/p>\n<p>The CBO, the nonpartisan budget analyst for Congress, said the drop in corporate receipts was the largest in more than three decades.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/newsOne\/idUSTRE5356X320090407\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government likely recorded $953 billion in red ink from October through March including $290 billion for the Troubled Asset Relief Program, or TARP, which was to provide much-needed cash to struggling financial institutions, the CBO said. Receipts during the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=12138\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,587,669,584],"tags":[],"class_list":["post-12138","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-taxes","category-the-national-deficit","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/12138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12138"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/12138\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}