CBO: Budget Deficit $75 Billion Higher than White House Projected

From the WSJ:

The nonpartisan Congressional Budget Office said Friday that based on the Obama administration’s budget proposal, deficits over the next decade would be $1.2 trillion higher than the White House estimated.

A preliminary analysis of the president’s budget by the CBO forecasts a $1.43 trillion deficit for fiscal year 2011, $75 billion higher than the White House projection. The CBO also estimated deficits from 2011-2020 would be more than $9.7 trillion, compared with $8.5 trillion projected by the administration.