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Summary of Fiscal Year 2010 Budget Results
Year-end data from the September 2010 Monthly Treasury Statement of Receipts and Outlays of the United States Government show that the deficit for FY 2010 was $1.294 trillion, $122 billion or nine percent less than in FY 2009, and $177 billion or 12 percent less than estimated in the July 2010 Mid-Session Review of the FY 2011 Budget (MSR). The deficit was also $261 billion or 17 percent less than the estimate in the President's FY 2011 Budget submitted to Congress in February 2010. As a percentage of GDP, the deficit fell to 8.9 percent, down from 10.0 percent of GDP in FY 2009.
The United States federal budget for fiscal year 2009 was a spending request by President George W. Bush to fund government operations for October 2008-September 2009. Figures shown in this article do not reflect the actual appropriations by Congress for Fiscal Year 2009.
The Troubled Asset Relief Program, commonly referred to as TARP, is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector which was signed into law by U.S. President George W. Bush on October 3, 2008. It is the largest component of the government's measures in 2008 to address the subprime mortgage crisis.
Got Gold
No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of Receipts and Expenditures of all public Money shall be published from time to time.
To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
No Bill of Attainder or ex post facto Law shall be passed.