Pres. Obama's budget underestimates federal deficits by $2.3T over the coming decade, according...

|By:, SA News Editor

Pres. Obama's budget underestimates federal deficits by $2.3T over the coming decade, according to the Congressional Budget Office. His budgets would produce deficits totaling $9.5T over 10 years rather than his expected $7.2T. Chief reason for the discrepancy: Obama uses rosier economic assumptions.