Record Breaking Deficit

A new record of 1.56 trillion U.S. Dollar is President Obamas speculation in regards to the deficit of the United States in 2010, as indicated by sources of Reuters.

The U.S. President is under intense pressure to convince investors and creditors of large public debt, like China, that he has established a credible plan to reduce the public deficit and debt. While the strategy will remain focused on protecting the fragile U.S. economy, Obama plans to save money by cutting 120 federal projects-including a return mission to the moon which is of major symbolic importance to Americans.