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Article: IN BRIEF.(Main)
- Article from:
- The Santa Fe New Mexican (Santa Fe, NM)
- Article date:
- August 22, 2009
CopyrightCOPYRIGHT 2009 The Santa Fe New Mexican. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: NEW MEXICAN WIRE SERVICES
In brief
$2 trillion higher deficit projected, officials say
WASHINGTON -- The Obama administration expects the federal deficit over the next decade to be $2 trillion bigger than previously estimated, White House officials said Friday, a setback for a president already facing a Congress and public wary over spending.
The new projection, to be announced Tuesday, is for a cumulative 2010-2019 deficit of $9 trillion instead of the $7 trillion previously estimated. The new figure reflects slumping revenues from a worse economic picture than was expected earlier this year. The officials spoke only on the ...