U.s. in Store for Trillion-dollar Deficits, Says President-elect Barack Obama
Herbert/AP President-elect Barack Obama speaks to reporters after a meeting with his top economic advisers Tuesday.
WASHINGTON-President-elect Barack Obama forecast trillion-dollar deficits for “years to come” on Tuesday,arguing that the government has no choice but busting the federalbudget to rescue a precarious economy.
“We’re already looking at a trillion-dollar budget deficit or closeto a trillion-dollar [...]