World-News

Fuelled by President Obama's $787bn stimulus package and reduced tax revenues due to the recession, it compares with a $455bn deficit in 2008.

http://news.bbc.co.uk/2/hi/business/8221207.stm



White House, CBO debt forecasts challenge Obama

The U.S. national debt will nearly double over the next 10 years, government forecasts showed Tuesday. The White House projected a cumulative $9 trillion deficit between 2010 and 2019

http://www.reuters.com/article/politicsNews/idUSTRE57M0WV20090825



Obama re-nominates Bernanke to stabilize markets

US President Barack Obama has nominated Ben Bernanke to head the US Federal Reserve for a second term despite oppositions that he failed to fend off the economic meltdown.

http://www.presstv.ir/detail.aspx?id=104449&sectionid=3510203


From Information Clearing House

--------

White House: $9 trillion in new government debt over next decade

Longview News-Journal

08/25/09

In a chilling forecast, the White House is predicting a 10-year federal deficit of $9 trillion — more than the sum of all previous deficits since America’s founding. And it says by the next decade’s end the national debt will equal three-quarters of the entire U.S. economy. But before President Barack Obama can do much about it, he’ll have to weather recession aftershocks including unemployment that his advisers said Tuesday is still heading for 10 percent...

http://tinyurl.com/ls2vk5


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=US+deficit
http://freepage.twoday.net/search?q=federal+deficit
http://freepage.twoday.net/search?q=787
http://freepage.twoday.net/search?q=national+debt
http://freepage.twoday.net/search?q=economic+meltdown
http://freepage.twoday.net/search?q=US+economy
http://freepage.twoday.net/search?q=stimulus
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=unemploy