Tipsheet

Breaking: Obama Raises 10-Year Deficit Estimates by $2 Trillion

Meredith Jessup | August 21, 2009 6:47 PM

A late-afternoon story released from the White House on a Friday in Washington usually means one thing: bad news for the President. Today was no exception.

A "senior administration official" reported to Reuters that President Obama is raising his 10-year budget deficit projection to $9 trillion, up from his original $7.108 trillion estimate:

Full story @ Reuters.