The bad news? the 2010 US budget deficit is seen at $1.47 trln, according to the White House. The good news? It was forecast to rise to $1.57 trln.
Another $1.4 trln deficit is expected next year.
Debt held by the public is seen at 62.7% of GDP for 2010 and is set to rise to 68.9% next year.
