U.S. budget deficit to top $1.8 trillion

05/12/2009 | Washington Post (tiered subscription model), The

The latest White House estimate puts the federal deficit at more than $1.8 trillion, more than four times last year's figure, which already was an all-time high. "The deficits ... are driven in large part by the economic crisis inherited by this administration," budget director Peter Orszag wrote in a blog.

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