WASHINGTON (Reuters) - The Obama administration will raise its
10-year budget deficit projection to approximately $9 trillion from
$7.108 trillion in a report next week, a senior administration official
told Reuters on Friday.
The higher deficit figure, based on updated economic data, brings
the White House budget office into line with outside estimates and
gives further fuel to President Barack Obama's opponents, who say his spending plans are too expensive in light of budget shortfalls.
The White House took heat for sticking with its $7.108 trillion
forecast earlier this year after the Congressional Budget Office
forecast that deficits between 2010 and 2019 would total $9.1 trillion.
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