• CBO: Federal deficit projected at $1.35T (AP)

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    President Barack Obama announces economic initiatives for struggling middle class families, Monday, Jan. 25, 2010, in the Eisenhower Executive Office Building across from the White House in Washington. (AP Photo/Charles Dharapak)AP - The Senate on Tuesday rejected a plan backed by President Barack Obama to create a bipartisan task force to tackle the federal deficit this year, despite glaring new figures showing the enormity of the red-ink threat.


     
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    CBO: Federal deficit projected at $1.35T (AP) from: Yahoo! News: Politics - Barack Obama. Click here.

     

    See also . . .

    Senate rejects bipartisan task force to tackle deficit (AP). . .
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    Obama seeks $30 bn hike in war spending in $3.8 trillion budget. . .
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    Mounting deficits may hit US global power: Analysts. . .
    " By Arun Kumar Washington, Feb 2 (IANS) Analysts have suggested that the mounting US debts may alter US politics and global power as President Barack..."
    Obama Deficit-Reduction Plans Face Difficult Sell (Bloomberg). . .
    "Bloomberg - Feb. 2 (Bloomberg) -- President Barack Obama’s budget request proposed modest reductions next year in the government’s deficit...."

     
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