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The House yesterday passed a $500B bill that finances federal operations until March at current...

The House yesterday passed a $500B bill that finances federal operations until March at current spending levels in what will probably be the last major piece of legislation until after the election. The Senate is expected to approve the bill next week. Separately, the government reported an 11-month budget deficit of $1.16T, down from $1.23T last year.
Comments (3)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Bernanke buys bonds "forever" or until his term is up, whichever comes first.

     

    The government runs deficits of over a trillion dollars a year forever or until the Fed illusion runs down.

     

    This can't end well.
    14 Sep 2012, 07:02 AM Reply Like
  • dividend_growth
    , contributor
    Comments (2898) | Send Message
     
    Well, 50% of Japanese government expenditures are new debt.
    14 Sep 2012, 07:30 AM Reply Like
  • FWS
    , contributor
    Comments (136) | Send Message
     
    The end is near.
    14 Sep 2012, 08:13 AM Reply Like
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