<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20081014/bs_nm/us_usa_budget"><img src="http://d.yimg.com/us.yimg.com/p/nm/20081015/2008_10_15t005348_450x289_us_usa_budget.jpg?x=130& y=83&q=85&sig=u1hu6pGvKtLJCwQwfI4XBw--" align="left" height="83" width="130" alt="Secretary of Treasury Henry Paulson talks about financial markets and the Market Stability Initiative in the Cash Room of the Treasury Department in Washington, October 14, 2008. From L-R are: Paulson, Federal Reserve Chairman Ben Bernanke, FDIC Chairman Sheila Bair, President of the N.Y. Federal Reserve Tim Geithner, Currency Comptroller John Dugan, SEC Chairman Christopher Cox and OTS Director John Reich. (Larry Downing/Reuters)" border="0" /></a>Reuters - The U.S. budget deficit hit a record $455 billion in fiscal 2008 as a slowing economy sapped revenues while spending on wars, bank failures and unemployment-related benefits soared, the Treasury Department said on Tuesday.</p><br clear="all"/>

View the entire article: FY '08 budget deficit swells to record $455 billion
(Reuters)