US fiscal deficit breaks 1 trillion dollars for the first time

Economic recession taxes fall Iraq's war spending was huge. Xinhua news agency said this morning that the U.S. federal budget deficit was first more than $1 trillion trillion in the top 9 months of the 2008~2009 fiscal year ending June 30, according to data released by the U.S. Treasury Department on 13th.　　The Treasury said the federal government spent more than 94.3 billion dollars in June, bringing the current deficit to $1.086 trillion trillion, more than 3 times times the same period in the previous fiscal year. The rise in the fiscal deficit is partly the result of the US government's massive stimulus package to deal with the financial crisis and the recession, on the one hand, and the US tax drop significantly.　　Moreover, the costs of the Iraq war and the war in Afghanistan are also contributing to the increased financial burden.　　The Obama administration expects the U.S. federal budget deficit to reach a record of $1.84 trillion trillion in the fiscal year, about 4 times times that of the previous fiscal year. In response to the financial crisis, Congress has approved a 700 billion-dollar fiscal bailout and a 787 billion-dollar economic stimulus package since last year. Some senior U.S. government officials are now considering a second stimulus package if necessary.　　Health-care reform, which has received widespread attention recently, is expected to increase government spending. The increasingly unbalanced fiscal problems are causing widespread concern at home and abroad about rising interest rates and inflation.　　There is also concern that the US government will reduce government spending or raise taxes to address the deficit, a blow to the still-recession economy.　　Both President Obama and Treasury Secretary Timothy Geithner have said that once the US emerges from the recession and the financial crisis, it is committed to cutting its fiscal deficit.　　Related news economy continues to slump Japanese robots are also laid-off robots may be the world's most efficient workers, but in the economic downturn in the environment, Japan's industrial production plummeted 40%, robot demand plummeted, machine "workers" with the "Laid-off".　　In the fourth quarter of 2008, shipments of industrial robots across the industrial sector fell by 33% in the first quarter of 2009, according to the Japan Robotics Association. Ueda, an analyst at the Fuji Economic market research firm, says the company will first shrink its investment in robotics to protect employees ' interests.　　He predicts that the robotic market will shrink by 40% this year.　　In 2005, more than 370,000 robots worked in factories in Japan, accounting for 40% of the world's total, and 32 of every 1000 manufacturing jobs were robotic "workers", according to a report by the Macquarie Bank of Australia. The New York Times said 13th that the Japanese government planned to bring industrial robots to 1 million by 2025 in 2007, and it now seems almost impossible to achieve them. Xinhua)