AP Top News at 5:48 p.m. EST
By APSunday, January 31, 2010
AP Top News at 5:48 p.m. EST
WASHINGTON — President Barack Obama’s proposed budget predicts the national deficit will crest at a record-breaking $1.6 trillion in the current fiscal year, then start to recede in 2011 to $1.3 trillion, a congressional official said Sunday. Still, the administration’s new budget to be released Monday says deficits over the next decade will average 4.5 percent of the size of the economy, a level which economists say is dangerously high if not addressed, said the congressional official. The official was not authorized to discuss the budget before its public release.
Filed under: Economy, Finance, Financial Crisis, Financial Markets, Government
Tags: Arts And Entertainment, Barack Obama, Caribbean, Colorado, Eastern Europe, Energy Policy, Europe, Events, Haiti, Labor Economy, Latin America And Caribbean, Moscow, Music, Newsbrief, North America, Protests And Demonstrations, Rhode Island, Russia, Sports, United States, Winter X Games, World Economic Forum Annual Meeting, World Economic Forum Annual Meeting 2010, X Games
Tags: Arts And Entertainment, Barack Obama, Caribbean, Colorado, Eastern Europe, Energy Policy, Europe, Events, Haiti, Labor Economy, Latin America And Caribbean, Moscow, Music, Newsbrief, North America, Protests And Demonstrations, Rhode Island, Russia, Sports, United States, Winter X Games, World Economic Forum Annual Meeting, World Economic Forum Annual Meeting 2010, X Games
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