Friday Newsdump: Deficit Projections Upped By $1.9 Trillion

Earlier this week it came out that this year’s deficit numbers would be reduced by about $262 billion. But bad news long term. The Obama administration is upping its 10-year deficit forecast to $9 trillion from $7.1 trillion over the next two years.

And of course they waited until end-of-market on Friday to do it, though we can’t blame them for that.

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