Record Debt Announced

U.S. retail food prices at the supermarket decreased slightly in the fourth quarter of 2008, according to the latest American Farm Bureau Federation (AFBF) Marketbasket Survey.

The Congressional Budget Office (CBO) announced that the deficit for fiscal year 2009 will reach a record $1.2 trillion and the national debt will reach $10.6 trillion. The U.S. did not reach a national debt of $1 trillion until 1981.