Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Obama Budget Forecasts $1.33 Trillion Deficit for FY2012—WSJ Obama Budget Forecasts $1.33 Trillion Deficit for FY2012—WSJ

NEXT :
This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

White House

Obama Budget Forecasts $1.33 Trillion Deficit for FY2012—WSJ

President Obama's Monday budget request to Congress will forecast a fiscal year 2012 deficit of $1.33 trillion and will include hundreds of billions of dollars in proposed infrastructure spending, The Wall Street Journal reported on Friday.

The projected deficit is higher than 2011's $1.296 trillion deficit and slightly higher than the Congressional Budget Office's roughly $1.15 trillion projection released last week. The budget, according to draft documents viewed by Dow Jones Newswires and The Journal, will forecast a $901 billion deficit for fiscal 2013, which would be equivalent to 5.5 percent of gross domestic product. That is up from the White House's September forecast of a deficit of $833 billion, or 5.1 percent of GDP, the newspaper said.

 

According to The Journal, the White House's projected 2012 deficit would be about 8.5 percent of GDP.

DON'T MISS TODAY'S TOP STORIES

Sign up form for the newsletter
Comments
comments powered by Disqus
 
MORE NATIONAL JOURNAL