US deficit tops Obama forecast by 1.2 trillion dollars: CBO

AFP | March 5, 2010

The US government budget deficit for the next decade is expected to be wider by 1.2 trillions dollars than projected by President Barack Obama's administration, estimates by Congress showed Friday.

Under Obama's latest budget projections, the cumulative deficit over the 2011-2020 period was 8.532 trillion dollars.

But the Congressional Budget Office estimated Friday the deficit would snowball to 9.761 trillion dollars.

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