State budget today to reveal $4.4 billion deficit
Officials in Gov. Eliot Spitzer's administration said the state budget proposal on today will reveal a $4.4 billion deficit, slightly larger than predicted because of tumultuous months on Wall Street and Main Street.
The US budget deficit soared to a record $485.2 billion in the federal government's fiscal first quarter,, the US Treasury Department announced, as the government implemented its financial system stabilization plan.