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CBO says $1.4 trillion deficit for 2009

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Uploaded by on Oct 7, 2009

The Congressional Budget Office has stated that the federal deficit for fiscal year 2009 is a projected $1.4 trillion, which is 3 times larger than the deficit from 2008. The amount equals to an astounding 9.9 percent of the GDP, where the average is around 3.3 percent.

Fox News reporter Carl Cameron also discusses the Congressional Budget Office's latest analysis of the health care bill proposed by the Senate Finance Committee.

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