Follow BeltwayBlips on TwitterObama Predicts Years of Deficits Over $1 Trillion
Published 1/7/2009 by Lori Montgomery at Wash Post In Congress
Slowing tax revenues and a historic bailout of the U.S. financial system will send the budget deficit soaring toward $1 trillion this year, President-elect Barack Obama said yesterday, and the red ink stands to get substantially deeper if Obama wins approval of a massive economic stimulus plan.
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