Last week, the Congressional Budget Office (CBO) released its Preliminary Analysis of the President's Budget.
The Committee for a Responsible Federal Budget has warned that the President's budget is not aggressive enough in reducing the medium or long-term deficit (President Obama's FY2010 Budget, More on President Obama's FY2010 Budget), and CBO's analysis projects a significantly worse situation than the Administration does, with the President's Budget plan resulting in larger and continuously rising budget deficits.