US deficit 'hits record $1.4tn'

The U.S. federal government tripled its budget deficit in 2009, stoking fears of higher interest rates on government bonds in the future. Aside from adding to the national debt, now estimated to be upwards of 9 trillion dollars, the widening deficit will making holding U.S. government debt increasingly less attractive to investors. Expectations of falling demand for U.S. Treasury Debt has contributed to recent falls in the value of the U.S. dollar.

Source: http://news.bbc.co.uk/2/hi/business/8296079.stm