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- Dubai 04:27 05:45 12:20 15:47 18:49 20:07
The US budget deficit will hit a record ê1.65 trillion this year, or 10.9 percent of GDP, according to figures in President Barack Obama's 2012 budget.
The increase -- up from ê1.29 trillion in 2010 -- comes after Congress extended a massive package of tax cuts and spending on unemployment benefits.
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