US fiscal deficit first broken 1 trillion dollars

U.S. federal budget deficit exceeded $1 trillion trillion for the first 9 months of the 2008-2009 fiscal year ending June 30, the U.S. Treasury Department reported 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 three 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 four times times that of the previous fiscal year. The US expects the federal deficit to be reduced to $1.26 trillion trillion by 2010, and will not fall below $500 billion a year for the next 10 years. From 2010 to 2019, the federal government's fiscal deficit totaled about $7.1 trillion trillion.