http://www.bloomberg.com/apps/news?p...d=aNaqecavD9ek

Obama Raises 2010 Deficit Estimate to $1.5 Trillion (Update3)

By Roger Runningen and Brian Faler
Aug. 25 (Bloomberg) -- U.S. unemployment will surge to 10 percent this year and the budget deficit will be $1.5 trillion next year, both higher than previous Obama administration forecasts because of a recession that was deeper and longer than expected, White House budget chief Peter Orszag said.