A New Record: $1.6 Trillion Deficit for the United States

By Jennifer Moreale
President Obama has announced his 2011 budget proposal. When FY 2010 ends on September 30 the deficit will total to $1.6 trillion, much higher than the Congressional Budget Office’s forecast. The Bush tax cuts will expire at the end of this year and if Obama extends their term, the federal deficit estimates will be even...

TAGS: Barack Obama, Brian Reidl, Chris Edwards, Congressional Budget Office, Federal Budget Deficit

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