But the new budget figure still means the deficit would total 11.2 percent of gross domestic product, an unusually high percentage. And the White House's "mid-session review" of the budget predicted that over the next 10 years, deficits would total about $9.05 trillion, up from the $7.1 trillion it forecast earlier this year.
"The administration's economic projections show that we inherited a deeper recession than projected in February," Orszag said.