Forget home prices, the most important economic news from the US overnight came from the Obama administration’s estimates for future deficits, with the US economy looking sluggish for the time being.
Congressional Budget Office
Call that a deficit? THIS is a deficit
The Obama administration has estimated that US government deficit will reach $9 trillion over the next decade, while the Congressional Budget Office is only predicting $7 trillion. So what’s in a couple of trillion? asks the Christian Science Monitor.
