Monday, May 11, 2009

White House: Budget deficit to top $1.8 trillion

WASHINGTON (AP) -- With the economy performing worse than hoped, revised White House figures point to deepening budget deficits, with the government borrowing almost 50 cents for every dollar it spends this year.The deficit for this budget year will rise by $89 billion to above $1.8 trillion - about four times the record set just last year

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