US Deficit Forecast To Hit $1.8 Trillion This Year

By: Associated Press
By: Associated Press
To join the conversation on this story and others, "like" our KKTV 11 News Facebook page!

Capitol Hill aides say the latest deficit figures produced by congressional economists show the federal budget deficit will exceed $1.8 trillion this year.

The flood of red ink gets only slightly better in 2010 with a deficit of almost $1.4 trillion under the Congressional Budget Office's latest figures, due out officially this afternoon. The numbers come from aides who spoke on condition of anonymity before the official release.

Democrats in Congress are readying President Barack Obama's budget for preliminary votes next week. Obama's figures are in line with CBO's for the current year but slightly lower for 2010.

The weakening economy is responsible for the worsening deficit picture, but Democrats insist it won't crimp Obama's agenda.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 41572572 -
Gray Television, Inc.