Staggering numbers released Friday show President Obama's new budget will nearly double the cumulative deficit over the next decade to $9.3 trillion, damaging the president's ambitious plans to overhaul health care and boost spending on alternative energy. As a result of a worsening economy and new spending, the fiscal 2009 deficit will reach $1.8 trillion - four times the record set last year and $400 billion more than projected two months ago...
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Obama: Budget priorities won't change
President Obama said Saturday he will publicly push his key budget priorities in the coming week as Congress considers his $3.6 trillion proposal for 2010, acknowledging the numbers may change but saying he will insist that it invests in alternative energy, education, health care reform and deficit reduction... [??]
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Monday, March 23, 2009
Deficit to hit $9.3 trillion in next decade
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