CBO projects $1.5 trillion deficit for 2010 in Obama budget (Quadruple George Bush deficit)
The federal deficit would hit $1.5 trillion in 2010 under President Barack Obama’s proposals, the Congressional Budget Office (CBO) projected Friday.Quadruple
The nonpartisan budget office said it projected a deficit measuring 10.3 percent of gross domestic product (GDP) this year, and a $1.3 trillion deficit in 2011 that would measure 8.9 percent of next year’s GDP.
(Excerpt) Read more at thehill.com
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment