What was the federal budget in 2009?

2009 United States federal budget

Submitted	February 4, 2008
Submitted by	George W. Bush
Submitted to	110th United States Congress
Total revenue	$2.7 trillion (estimated) $2.105 trillion (actual) 14.6% of GDP (actual)
Total expenditures	$3.107 trillion (estimated) $3.518 trillion (actual) 24.4% of GDP (actual)

Was there a budget deficit in 2009?

Upon taking office in January 2009, President Obama inherited a budget deficit that had soared from $161 billion in 2007 to a recession-slammed $1.186 trillion estimate for 2009. Overall, CBO estimated that there would be $4.32 trillion in total budget deficits over the decade.

Why was there a deficit in 2009?

Turning our attention to the other side of the balance sheet reveals another surprising fact: The great deficit of 2009 was the result not just of increased spending, but also of dramatically lower tax revenues. Corporations paid lower taxes because they made lower profits.

What was the budget for fiscal year 2009?

The United States federal budget for fiscal year 2009 began as a spending request submitted by President George W. Bush to the 110th Congress. The final resolution written and submitted by the 110th Congress to be forwarded to the President was approved by the House on June 5, 2008.

What was the federal budget for FY 2008?

At the end of FY 2008 (September 30, 2008), President Bush and Congress signed a Continuing Resolution to fund the government for another six months. As a result, the newly-elected President Obama passed the FY 2009 budget, folding in $253 billion in expenses for the Economic Stimulus Act.

When was the last time Congress passed a budget?

The final resolution written and submitted by the 110th Congress to be forwarded to the President was approved by the House on June 5, 2008. The government was initially funded through three temporary continuing resolutions.

Are there any supporting documents for the budget?

Other related and supporting budget publications are included, which may vary from year to year. GPO has signed and certified the PDF files to assure users that the online documents are official and authentic.

What was the federal budget in 2009? 2009 United States federal budget Submitted February 4, 2008 Submitted by George W. Bush Submitted to 110th United States Congress Total revenue $2.7 trillion (estimated) $2.105 trillion (actual) 14.6% of GDP (actual) Total expenditures $3.107 trillion (estimated) $3.518 trillion (actual) 24.4% of GDP (actual) Was there a budget…