Yahoo! News - White House: Deficit Will Hit Record $427B

WASHINGTON - The White House will project that this year's federal deficit will hit $427 billion, a senior administration official said Tuesday, a record partly driven by wars in Iraq (news - web sites) and Afghanistan (news - web sites).

Yes partly driven the rest is driven by inauguration parties and the cost of all those W the president stickers.


Yahoo! News - White House: Deficit Will Hit Record $427B