Financial Times FT.com

White House set for backlash on national debt

By Edward Luce and Krishna Guha in Washington

Published: August 24 2009 19:49 | Last updated: August 24 2009 19:49

The Obama administration is bracing for a political backlash on Tuesday when it issues national debt numbers showing federal debt rising by $9,000bn over the next decade – significantly higher than the forecast it made earlier this year.

The revision, which will add $2,000bn (€1,400bn, £1,200bn) to the White House’s initial projection made in February, comes amid growing public jitters about the scale of US nat­ional debt, with one recent opinion poll showing Americans giving higher priority to reducing deficits than to reviving the economy.

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