{
    "href": "/post/2009/05/13/federal-budget-soars/",
    "relId": "2009/05/13/federal-budget-soars",
    "title": "Federal Budget Soars",
    "author": "pmjones",
    "markup": "html",
    "tags": [
        {
            "href": "/tag/economics/",
            "relId": "economics",
            "title": "Economics",
            "author": null,
            "created": null,
            "updated": [],
            "markup": "markdown"
        },
        {
            "href": "/tag/government/",
            "relId": "government",
            "title": "Government",
            "author": null,
            "created": null,
            "updated": [],
            "markup": "markdown"
        }
    ],
    "created": "2009-05-13 08:00:21 UTC",
    "updated": [
        "2009-05-13 08:00:21 UTC"
    ],
    "html": "<blockquote>\n<p>The White House on Monday projected 2009 and 2010 federal budget deficits far higher than it forecast just two and a half months ago, even as it continued to defy most experts and predict that the economy is headed for a strong comeback starting late this year.</p>\n<p>...</p>\n<p>The new administration budget said that the fiscal 2009 deficit would reach $1.84 trillion, or $89 billion more than forecast in February, while the 2010 figure now is estimated at $1.26 trillion, or $87 billion above the previous number. The fiscal 2008 deficit was $459 billion.</p>\n<p>The new figures dwarf the $17 billion in budget reductions and program terminations that President Barack Obama proposed with a flourish last week, reductions that Congress is unlikely to approve in full.</p>\n</blockquote>\n<p>via <a href=\"http://www.mcclatchydc.com/homepage/story/67948.html\">Deficits soar even with rosy Obama budget assumptions | McClatchy</a>.</p>\n"
}