Post Tagged with: "Obama’s budget"

March 6, 2010 01:30

President Barack Obama’s budget will lead to deficits averaging nearly $1 trillion over the next decade, the CBO estimated Friday

The independent CBO and Obama expect a similar amount of government spending over the next 10 years — about $45 trillion. But the CBO expects Obama’s policies to bring in $35.5 trillion in tax receipts, less than the $37.3 trillion expected by the White House.