CBO projects $1.5 trillion deficit for 2010 in Obama budget

[James]

The federal deficit would hit $1.5 trillion in 2010 under President Barack Obama's proposals, the Congressional Budget Office (CBO) projected Friday.

The nonpartisan budget office said it projected a deficit measuring 10.3 percent of gross domestic product (GDP) this year, and a $1.3 trillion deficit in 2011 that would measure 8.9 percent of next year's GDP.

http://thehill.com/blogs/blog-briefing-room/news/85235-cbo-projects-15-trillion-deficits-for-2010-in-obama-budget