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US budget deficit sessment at $438bn
he also said cbo's budget estimates did not take into account possible costs related to the us government for taking over fannie and freddie .
'increase in spending' the cbo estimates, for 2009 does not include the possible costs of rescuing the two stricken giant mortgage firms, which was announced on sunday .
budget he said that the recent rise in unemployment and economic weakness are consistent with the pattern seen in past recessions, the past few recessions to be precise .
the us budget deficit is expected total increach a record $438bn in 2009, according to estima,tes, from the congressional budget office (cbo) .
Generated 2008-9-12_13:31
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