Federal Deficit Forecast
The Graph of the Week comes from the November 2008 NABE Outlook, and looks at the forecast of the Federal Deficit for FY 2009. From the survey
The median forecast of the federal deficit soared, due to the weakening economy, portions of the Emergency Economic Stabilization Act, and rising expectations for further stimulus. The shortfall is now expected to hit $765 billion during fiscal year 2009.
NABE members can read the full survey here. A summary is available to the public.