Administration: Federal Deficit Still Over $1 Trillion
Inland Valley Daily Bulletin › October 18, 2010
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Summary
President Barack Obama's administration on Friday reported a deficit of more than $1 trillion for the second year in a row, leaving Democrats susceptible to criticism just before the midterm election on Nov. 2.
The Congressional Budget Office projected the deficit to be $1.3 trillion for the 2010 fiscal year, down from a record high of $1.4 trillion in 2009.See the full content of this document
Extract
Administration: Federal Deficit Still Over $1 Trillion
Voter anger over deficits and spending are a big problem for Democrats this election year, analysts say.
All 435 House seats are up for grabs as well as 37 of 100 seats in the Senate.Right now, Democrats ho...See the full content of this document
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