Read
- Protesters battle Greek police as parliament decides
|
- Whitney Houston found dead in Calif. hotel, age 48
|
- UPDATE 8-Whitney Houston found dead in Calif. hotel, age 48
- Former New Orleans Mayor Ray Nagin under investigation: source
- Twitter Reacts to Whitney Houston's Death: Rihanna, Mariah Carey, Toni Braxton Grieve
High U.S. budget deficits not Obama's fault-Orszag
WASHINGTON |
WASHINGTON May 11 (Reuters) - High U.S. budget deficits are being driven by an economic crisis that President Barack Obama inherited, White House Budget Director Peter Orszag said on Monday.
Orszag, writing in a blog posting, also said that the administration's latest budget deficit estimates -- which were revised upward by $89 billion and $87 billion for this year and next, respectively -- reflect the latest data on tax receipts, federal bailouts and other government costs.
(Reporting by Caren Bohan and Richard Cowan)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters