Record $482 Billion '09 Deficit Forecast: Next President's Options May Be Limited

The federal budget deficit will grow to a record $482 billion in the fiscal year that begins in October, the White House said yesterday, driven by war costs, tax rebates, and a slowing economy that will leave the next president little room to fulfill costly campaign promises.
Record $482 Billion '09 Deficit Forecast: Next President's Options May Be Limited