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Budget Deficit to Hit Record Half Trillion in 2009
The 2009 budget deficit is forecast at 482 billion dollars, a record level that could rise with Iraq funding and weak growth. Obama and McCain vow policy shifts, with Republicans pushing tax cuts and Democrats seeking health and education spending. Analysts warn the next president faces a sobering early term amid large deficits.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
John McCain
White House
McCain
Obama
Jason Furman
Ling Congress
Bush
Senate Budget Committee
Kent Conrad
N.D
Robert Bixby
Concord Coalition
Bill Clinton
Wall Street
Clinton
Democratic Congress