Thursday 28 May 2009

Moneynews

Breaking News from Moneynews.com

Tax Revenue Plunges as Obama Deficit Soars
Conversation regarding the exploding budget deficit generally focuses on the major spending increase generated by the $787 billion fiscal stimulus package. But there's another side to the deficit — plunging tax receipts. Federal tax revenue plummeted 34 percent in April from a year ago, to $138 billion — the largest decline in 28 years.
Read the Entire Article — Go Here Now.