Obama budget sees increased deficitBy Erik Wasson - 02/10/12 06:07 PM ET President Obama’s 2013 budget due out Monday will estimate the deficit for 2012 to be $1.33 trillion, higher than the $1.29 trillion deficit in 2011, according to senior administration officials. The increase happens largely because the budget assumes enactment of a $350 billion stimulus package, including extension of the payroll tax cut.

 

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