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Bush admn admits leaving massive deficit

Wednesday, 24 December 2008


WASHINGTON, Dec 23 (AFP): US President George W Bush's administration acknowledged yesterday that it would leave behind a massive budget deficit but could not say whether it would exceed one trillion dollars.
"The size of the budget deficit, whatever the number is, I can't predict whether it's going to be a trillion or something less than that," said White House spokesman Tony Fratto.
Fratto said it would be a "very significant number."