Trillion dollars News

Washington - Recently released figures from the Congressional Research Service (CRS) and the Senate Budget Committee show that welfare spending has grown by 32 percent since 2008 and federal and state spending reached more than $1 trillion in 2011.

The Japanese government has unveiled their annual budget over the Christmas weekend and it turns out that it will be a record high budget of 92.9 trillion Yen ($1 trillion).

United States Senate on Sunday passed an epic spending bill worth $1.1 trillion that would see budgets in key sectors go up and also a two per cent increased salary for federal workers.

With a national debt of $12 trillion and a $1.5 trillion national deficit, the United States Congress may decide to increase the debt ceiling limit to $1.8 trillion, according to a new report released.

After closing the 2009 fiscal year, the United States federal government hit a record milestone by holding a budget deficit of $1.4 trillion, which is actually $162 billion smaller than what the White House projected.