The Treasury Department said Monday that the deficit in June totaled $94.3 billion, pushing the total since the budget year started in October to nearly $1.1 trillion.

The deficit has been propelled by the huge sum the government has spent to combat the recession and financial crisis, combined with a sharp decline in tax revenues. Paying for wars in Iraq and Afghanistan also is a major factor.

The country's soaring deficits are making Chinese and other foreign buyers of U.S. debt nervous, which could make them reluctant lenders down the road. It could force the Treasury Department to pay higher interest rates to make U.S. debt attractive longer-term.

"These are mind boggling numbers," said Sung Won Sohn, an economist at the Smith School of Business at California State University. "Our foreign investors from China and elsewhere are starting to have concerns about not only the value of the dollar but how safe their investments will be in the long run."

trzymaj sie ken jestesmy z toba :)

myslicie ze ktos czyta te nasze bzdety...

i pobozne zyczenia ???

bo jak dotychczas to wszysscy tu sie b. czesto myla.))

Ratings on 15 companies worldwide were cut to junk status in June, the third-highest total since at least 1987, as weak economies, the housing slump and heavy debt took a toll, Standard & Poor's said on Monday.

Companies cut to junk status, so-called fallen angels, are relatively rare but have surged amid the global recession.

Year to date, 60 issuers have been cut to junk status, affecting $209 billion of debt, S&P said in a statement.

Another 75 issuers with $255 billion in rated debt are teetering on junk status, the rating agency said.

Downgrades to junk status can cause a surge in borrowing costs as investors demand higher yields to compensate for the risk of owning a company's loans or bonds.

U.S. commercial lender CIT Group , grappling with a liquidity crunch on Monday, was the largest company cut to junk last month, with $38.2 billion in rated debt. S&P downgraded it to BB-minus on June 12, three steps below investment grade.

Nineteen banks and finance companies have been cut to junk status this year, more than any other industry, as fallout from the global financial crisis lingered. Another 17 are vulnerable to a downgrade to junk, S&P said.

Other cuts to junk status in June included Ambac Financial Group , Renault, Ethan Allen Interiors , Synovus Financial Corp and Huntington Bancshares .

KGHM for the exact same reason 15 $ - the excess liquidity created and directed by what came to be known as the shadow banking system. The best proof of this was the 80% decline in the price of oil that followed upon the disappearance of the
shadow banking system last autumn.

Rosja pertraktuje z Chinami o obustronnym rozliczaniu wymiany handlowej miedzy obydwoma państwami w nowej formie rubla transferowego którego kurs byłby stały i oparty na parytecie złota

Approach to economics is overturned there will be huge losses for Wall Street and a large percentage of the already decimated banker community will end up collecting unemployment benefits. Największą ofiarą korekty będzie Bytom.

Głównym motorem odbudowujących się na nowo gospodarek światowych będą tanie surowce a w szczególności ropa naftowa z tego względu w przyszłorocznym budżecie Rosji cena baryłki ropy została określona na 52 dolary