How much is the United States Federal deficit projected to be in 2010?
The United States Federal Budget for Fiscal Year 2010, titled A New Era of Responsibility: Renewing America’s Promise,[1] is a spending request by President Barack Obama to fund government operations for October 2009-September 2010. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2010, which must be authorized by Congress. Contents [hide] * 1 Overview * 2 Total receipts * 3 Total spending * 4 Deficit * 5 Debt increases * 6 Causes of Change in CBO Forecasts * 7 Renewable energy * 8 External links * 9 References [edit] Overview 2010 Budget: Projected Deficits and Debt Increases President Barack Obama proposed his 2010 budget during February 2009. He has indicated that health care, clean energy, education, and infrastructure will be priorities. The federal deficit is forecast to be $1.75 trillion in 2009, declining to $1.17 trillion in 2010 (the first year of the plan) and $533 billion by 2013.[2] The annual increase in federal debt due to th
WASHINGTON – A senior congressional aide says the latest estimates put this year’s federal budget deficit at $1.35 trillion. The Congressional Budget Office figures confirm the massive problem facing President Barack Obama and his Democratic allies just days before his Feb. 1 budget submission. The White House says Obama will propose freezing domestic agency budgets, though the savings would barely make a dent. The deficit would slide to $480 billion by 2015, CBO says, but only if tax cuts on income, investments and large estates are allowed to expire at the end of this year. Most budget experts see deficits as far higher once tax cuts and other policies are factored in. The 2010 deficit figure is in line with previous estimates. THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below. WASHINGTON (AP) — The Senate is likely to reject a White House-backed plan to establish a bipartisan task force to recommend steps to curb the deficit, even a
