U.S. February budget deficit is largest on record

Saturday, March 12, 2011 The U.S. Treasury Department reported the government posted a monthly budget deficit of US$222.5 billion in February, the largest monthly deficit ever recorded. The February deficit, announced on Thursday, outstripped the February revenue gain of $110 billion. The report comes at a time when the White House and both national political parties are under extreme pressure to reduce the deficit as well as the total U.S. debt. There is no agreement on how to reduce spending and increase government revenue, and both Democratic and Republican measures…

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Business &Amp; Commercial Type Of Practice Structure

Read More About: Exercise Equipment Melbourne By Michael Pickering – LAC Lawyers Sole Practitioner This is an easy structure to establish. It is also cheap. An individual will need to register a business name under the Business Names Act and to register for an Australian Business Number and for the GST with the Australian Taxation Office. There are, however, disadvantages. If the surveyor/inspector dies, the business may also come to an end. There is no separate business structure that will survive. Liability is also personal and unlimited. Creditors will have…

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