US deficit ‘to hit $1.8 trillion’
The US government has had to spend billions bailing out financial institutions The US budget deficit will hit $1.8tn (£1.25tn) this year, a record amount, according to US Congress estimates. The White House said the prediction by the Congressional Budget Office (CBO) would not alter President Barack Obama’s policy agenda. Nor would it affect its goal to cut the deficit in...
March 20th, 2009 by admin
