CBO:Budget deficit hit record $1.4T in 2009

By ANDREW TAYLOR,Associated Press

How long will Obama continue to blame Bush for his own record deficits?

The federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week,congressional analysts said Wednesday.

The Congressional Budget Office estimate,while expected,is [...]

Obama to hike 10-year deficit to $9 trillion

$9 Trillion Deficits?! What happened to a “new era of responsibility”

The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week,a senior administration official told Reuters on Friday.

The higher deficit figure,based on updated [...]