The original content of Democracy Now! Headlines appears under the Creative Commons BY-NC-ND 3.0 License (United States). For more, including their other shows and media, visit www.democracynow.org. July 14, 2009 Federal Deficit Tops $1T for First Time --------------------------------------- Back in the United States, the federal deficit has topped one trillion dollars for the first time. On Monday, the Treasury Department said the deficit passed $94 billion last month. The Obama administration has said it expects the deficit to reach over $1.8 trillion by the end of the year. .