The federal budget deficit, which hit a record $1.4 trillion last year, will exceed that figure in 2010 and 2011, according to a White House forecast released Friday.
The $1.47 trillion budget gap predicted for 2010 represents a slight improvement over the administration's February forecast, but the outlook for 2011 has darkened considerably, primarily due to a drop in expected tax receipts...full article
The $1.47 trillion budget gap predicted for 2010 represents a slight improvement over the administration's February forecast, but the outlook for 2011 has darkened considerably, primarily due to a drop in expected tax receipts...full article
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