Obama and the deficit
January 07, 2009 at 08:01 AM EST
[Skip to the end] Obama Says Deficit Likely to Approach $1 Trillion By Julianna Goldman and Roger Runningen Jan. 6 (Bloomberg) — President-elect Barack Obama said he expects to inherit a $1 trillion budget deficit and that similar shortfalls are in store “for years to come” as the government grapples with a recession and other spending demands. A “trillion [...]