Obama: Deficit to Hit $1.6T

The White House expects the national budget deficit to peak at $1.65 trillion this year, or roughly 10.9% of GDP—its highest level since World War II, the Wall Street Journal reports. That figure—which is significantly more pessimistic than the Congressional Budget Office’s $1.48 trillion estimate—…

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Obama: Deficit to Hit $1.6T

Posted by on February 14, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry