Obama forecasts $1.75 trillion deficit this year (Reuters)

With Vice President Joe Biden and Speaker of the House Nancy Pelosi looking on, U.S. President Barack Obama addresses a joint session of Congress in Washington, February 24, 2009. REUTERS/Pablo Martinez Monsivais/PoolReuters – President Barack Obama will forecast a 2009 deficit of $1.75 trillion in a budget proposal on Thursday that sets goals of overhauling the healthcare system and shoring up the U.S. economy.

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