As of August 20, 2009, the U. S. federal budget projects a deficit for 2009 (fiscal year) of approximately $1. 58 trillion. The Obama administration had predicated a deficit of $1. 84 trillion earlier this year.
The latest projection of the United States government spending deficit is 1. 3 trillion dollars for next year. The deficit for the next ten years is estimated at 9 trillion dollars.
