U.S. deficit bigger than expected: $455 billion

-United Press International

WASHINGTON - The U.S. government racked up a record $455 billion deficit in fiscal 2008, an even larger shortfall than expected, officials revealed Tuesday.

"The reality is that the next president will be inheriting a fiscal and economic mess of historic proportions -- the legacy of President Bush's failed policies," said Sen. Kent Conrad, D-N.D., chairman of the Senate Budget Committee. "It will take years to dig our way out."

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RON PAUL NEWS
Oct 8: US budget deficit hits record $438 billion