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Date : the 23/12/2008
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Budget deficit to reach $1.2 trillion

Budget deficit to reach $1.2 trillion

The federal budget deficit will rise to a record $1.2 trillion this year, and the tax cuts and new spending planned by President-elect Barack Obama and Democrats in Congress will push it higher, the Congressional Budget Office reported Wednesday.

TAGS obama |  2009 |  cbo |  budget deficit |  stimulus package |  deficits |  tax cuts |  congress |  budget |  recession | 
View original story on http://www.usatoday.com/news/washington/2009-01-07-budget_N.htm
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