Budget Deficit Soars Past $1.8T

By M. Morris,  Newser Staff

Posted Mar 20, 2009 4:01 PM CDT

(Newser) – The federal budget deficit will surpass $1.8 trillion during the current fiscal year, the Congressional Budget Office said today. The figure far outstrips the previous estimate of $1.2 trillion and spells trouble for President Obama's proposed budget, the Wall Street Journal reports, but...   Read full story »

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