Comment on Budget analysts see 2010 deficit at $1.3 trillion

Budget analysts see 2010 deficit at $1.3 trillion

Congress' budget analysts are estimating that this year's federal deficit will exceed $1.3 trillion, slightly below last year's total but still a huge ocean of red ink.The nonpartisan Congressional Budget Office said the enormous shortfall is a result of the still staggering economy, which has meant lower federal revenues plus extra government spending aimed at prodding growth.But the budget office sees this year as a turnaround.

 

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