Thursday
Aug192010
CBO Projects $1.34 Trillion Deficit For 2010
Thursday, August 19, 2010 at 2:28PMThe federal deficit for 2010 will likely reach $1.34 trillion, according to the Congressional Budget Office.
In a report released Thursday, the CBO projects that the deficit will be $71 billion less than last year’s, but still the second highest in 65 years.
The report also estimates that unemployment will not reach 5 percent until 2014, even if the economy picks up steam.
The report can be read in its entirety here…
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