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Obama: Expect Trillion-Dollar Deficits

By John Johnson, Newser Staff

Posted Jan 6, 2009 6:47 PM CST

(Newser) – Barack Obama delivered yet another dose of sobering economic news today—the nation should expect to run trillion-dollar deficits for multiple years, the Washington Post reports. The once unthinkable sum—we're already well on our way toward it in fiscal 2009—is more than double... Read full story »

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Obama: Expect Trillion-Dollar Deficits

deficit • national debt • economic stimulus package • economy • President Obama

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More Newser Stories

Obama: I Won't Sign Any 'Stop-Gap' Debt Deal

President says budget talks will continue 'every day'

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Ezra Klein crunches the numbers and comes up with a lower total than you think

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Obama Unveils $3.8T Budget Proposal

Plan includes record deficit, money for job program

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