Economic data showed Friday, and the arrival of the U.S. budget deficit during the fiscal year that ended on Sept. 30 to the fourth highest level since World War II, while it intends to members of Congress after the presidential elections due on November 6, the impending reduction of public spending.
The U.S. Treasury Department, that the deficit in the budget for the last fiscal year reached 09. $ 1 trillion to 3. $ 1 trillion in the previous fiscal year, the budget deficit had reached in 2009 to 42. $ 1 trillion, the highest deficit since World War II.
At the same time, the U.S. Treasury recorded in September last year a surplus of $ 75 billion compared to a deficit of $ 7. $ 62 billion in the same month of last year.
This comes as the United States faces what is known as "financial cliff," where, if current U.S. law to impose a package of measures to reduce public spending by 2. $ 1 billion automatically starting from the first of January next, if you do not reach the U.S. administration and Congress to an alternative agreement on spending cuts gradually.
At the same time, the U.S. economy is the largest economy in the world record positive indicators last month, the unemployment rate fell to its lowest level since January 2009.
The news agency Bloomberg News economic Chris Ropky large financial experts in a branch of Bank of Tokyo - Mitsubishi UFJ. FM. J. Japanese York say "I could have become worse .. income generated increased as the economy recovers and budget deficits approaching the level of a trillion dollars an estimate basic or estimates the middle of the last fiscal year. "
