Saturday, August 22, 2009

Obama to raise 10-year deficit to $9 trillion

DEFICIT RISES TO NEW HIGHS over $9 Trillion
By Jeff Mason

WASHINGTON (Reuters) - The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday....read more
21 Aug 2009

U.S. deficit poses potential systemic risk: Taylor

JACKSON HOLE, Wyoming (Reuters) - The U.S. budget deficit poses more of a potential risk to the financial system than the collapse in commercial real estate prices, an influential economist said on Friday.  http://www.reuters.com/