President Barack Obama’s administration will raise its 10-year budget deficit forecast to about nine trillion dollars, up about two trillion from the previous forecast, a US official said Friday.
The 2010-2019 projection, due out in a report expected next week, will supercede the previous forecast of about 7.1 trillion dollars, according to an official with the White House’s Office of Management and Budget.
The OMB official requested anonymity.
The figures are expected to fuel a fierce political debate over the US deficit and debt, with Obama’s Republican critics redoubling their calls for him to abandon his plans to remake US health care and fight climate change.
Outside the Veterans Affairs Department, severely wounded veterans have faced financial hardship waiting for their first disability payment. Inside, money has been flowing in the form of $24 million in bonuses.
In scathing reports this week, the VA’s inspector general said thousands of technology office employees at the VA received the bonuses over a two-year period, some under questionable circumstances. It also detailed abuses ranging from nepotism to an inappropriate relationship between two VA employees.
President Barack Obama hammered away at "outrageous myths" about his healthcare reform plans on Saturday, seeking again to take control of a debate that has tarnished support for his top domestic policy goal.
Obama has tried for weeks to clamp down on criticism and misinformation about his healthcare plans and used his weekly radio and Internet address to address them.
"Today, I want to spend a few minutes debunking some of the more outrageous myths circulating on the Internet, on cable TV, and repeated at some town halls across this country," he said in the address.
"Let’s start with the false claim that illegal immigrants will get health insurance under reform. That’s not true.