Damn: White House to Boost 10-Year Deficit Forecast to $9 Trillion (2009 budget deficit to be the widest since World War II as a % of the economy)
From The Wall Street Journal:
The Obama administration will raise its forecast for the 10-year federal budget deficit to about $9 trillion from $7.1 trillion, a senior administration official said.
The latest measurement puts the White House in line with previous updates from the Congressional Budget Office.
By any measure, the 2009 budget deficit is expected to be the widest since World War II as a percentage of the economy.
The Obama administration will raise its forecast for the 10-year federal budget deficit to about $9 trillion from $7.1 trillion, a senior administration official said.
The latest measurement puts the White House in line with previous updates from the Congressional Budget Office.
By any measure, the 2009 budget deficit is expected to be the widest since World War II as a percentage of the economy.
posted by Sid Cottingham | 8:17 AM
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