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Friday Afternoon Music: Antoine Dufour and Tommy Gauthier, 'Catherine'

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jcm8/21/2009 4:24:46 pm PDT

$2 Trillion Higher Deficit Projected

The Obama administration expects the federal deficit over the next decade to be $2 trillion bigger than previously estimated, White House officials said Friday, a setback for a president already facing a Congress and public wary over spending.

The new projection, to be announced on Tuesday, is for a cumulative 2010-2019 deficit of $9 trillion instead of the $7 trillion previously estimated. The new figure reflects slumping revenues from a worse economic picture than was expected earlier this year. The officials spoke only on the condition of anonymity ahead of next week’s announcement.