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Archive Home > 2009 > August > 26 > In the red: White House expects deficit to skyrocket to $1.6 trillion

In the red: White House expects deficit to skyrocket to $1.6 trillion

By Lori Montgomery / The Bulletin
August 26, 2009

WASHINGTON " The federal deficit will soar to nearly $1.6 trillion this year, miring the nation in the deepest pool of red ink since the end of World War II, the nonpartisan Congressional Budget Office and the White House reported Tuesday.

The gap between spending and tax collections will....

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