Happy (Fiscal) New Year: A look back at FY2010
Tuesday - 10/5/2010, 3:05pm EDT
With Oct. 1 marking the beginning of FY 2011, The Committee for Federal Responsible Budget recaps FY 2010:
- Public debt rose from $7.6 trillion to $9 trillion.
- Since February 2009, $570 billion in stimulus funds have been dispersed. The bulk of those funds -- $392 billion -- were spent this past year.
- The deficit as a percentage of GDP fell from 9.9 percent to 9.1 percent.
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