U.S. Deficit Climbs to $1.3 Trillion for the Current Ten Months

The U.S. budget deficit reached 1.3 trillion dollars for the current fiscal year in July 2009 (first ten months with two months to go). The deficit for the first 10 months of fiscal year 2009 is close to 880 billion dollars greater than the deficit recorded for the like period last year (July 2008), said the Congressional Budget Office (CBO).