Deficit could top $1 trillion
President-elect Barack Obama will enter office in January facing an unprecedented budget deficit that will probably top $1 trillion, more than twice the previous record, further limiting his maneuvering room as he tries to boost the beleaguered economy and follow through on hundreds of billions of dollars worth of campaign promises, according to estimates by congressional officials and budget analysts.
Newsday > News > Nation The difficulties of cutting US deficit Published: