US deficit reaches more than one trillion dollars

The US budget deficit reached more than one trillion dollars for the current fiscal year in June as the government wrestled with a prolonged recession, according to official reports.Nine months into the 2009 fiscal year that ends September 30, the budget deficit widened by 94.316 billion dollars in June to 1.086 trillion dollars, according to the Treasurys monthly statement of receipts and outlays.The June deficit was slightly better than the 97.0 billion dollars most analysts had forecasted.Receipts during the nine-month period to June amounted to 1.588 trillion dollars, eclipsed by outlays of 2.675 trillion dollars.The nonpartisan Congressional Budget Office forecasts the budget deficit could hit 1.845 trillion dollars for the fiscal year based on President Barack Obamas administrations 3.5-trillion-dollar budget plan, approved by Congress in early April.June marked the ninth month the government has run a deficit. The last time the US had a longer stretch was an 11-month streak that ended in March 1992.