Federal deficit in '09 heading for $1.6 trillion
Economic downturn blamed; outlook lowered from May
Posted: August 26, 2009 at 5:24 a.m.
The federal deficit will soar to almost $1.6 trillion this year, miring the nation in the deepest pool of red ink since the end of World War II, the nonpartisan Congressional Budget Office and the White House reported Tuesday.
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Front Section, Pages 1, 4 on 08/26/2009
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