NEW YORK – The federal government posted a $46.6 billion deficit in September, concluding the fiscal year with a $1.417 trillion shortfall, according to Treasury Department figures released today.
The September deficit followed a $111.4 billion deficit in August.
In the previous fiscal year, the deficit was $454.8 billion.
Three universities in the Northeast found a market for their bonds despite larger headwinds for the higher education sector in the region.
While the state is most concerned about stopping the fires, credit rating agencies are monitoring the situation.
"What the market's really trying to figure out is what that Warsh regime is going to mean," said Tom Kozlik of HilltopSecurities. "Folks are really trying to position their mindsets, position their portfolios."
The Wall Street banks targeted in the rate-rigging lawsuit wanted the top court to overturn class certification.
The U.S. Department of Transportation is looking for proposals that leverage public private partnerships to solve traffic bottlenecks through the use of tolled express lanes .
"Investors typically start positioning for heavy summer redemptions in summer, so the market typically performs well enough through the first half of June and we do not believe that this year will be any different," Barclays strategists said.
