Federal Gov't. to Borrow Record

Federal Gov't. to Borrow Record $111B

HoooBoooooyyy. I just love them conservatives who are spending us into a black hole.

The borrowing is needed to finance a budget deficit that is soaring to what will be an all-time high this year. The Congressional Budget Office estimates the deficit for the current budget year will total $287 billion and projects deficits over the next decade will total $1.82 trillion under the administration's proposals.