Portal:Current events/2009 January 7
January 7, 2009 (Wednesday)
- The United States Congressional Budget Office estimates that the federal government will run a record $1.2 trillion budget deficit in fiscal year 2009, that the current recession will last well into this year, and that the enactment of an economic-stimulus plan would increase that deficit. (MarketWatch)
- Satyam Computer Services chairman Ramalinga Raju admits to accounting fraud and resigns. (CNN-IBN)
- Israel and Hamas resume hostilities after a three-hour respite to allow humanitarian aid to reach Gaza. (Sky News)