Fed says US economy showing “widespread” signs of deceleration; Budget deficit at $1.3trn in 11 months of fiscal year 2010
Sep 9th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The US economy is showing "widespread" signs of deceleration, the US Federal Reserve warned in its latest Beige Book report which was published Wednesday. Another report on Wednesday put the federal government budget deficit at about $1.3trn in the first 11 months of fiscal year 2010, which ends at the end of September.