WASHINGTON

Associated Press

FAR from slowing, the US government's deficit spending will surge to a record $1.5 trillion this year, congressional budget experts estimated, blaming the slow economic recovery and last month's extension of Bush-era tax cuts.

Daunting for President Barack Obama, the non-partisan agency estimates a nationwide unemployment rate of 8.2 per cent on Election Day in 2012.

The budget estimates will add fuel to the already-raging debate over spending and looming legislation that would allow the US government to borrow more money as the national debt nears the $14.3 trillion cap set by law. Republicans controlling the House say there's no way they'll ra ...

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