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Welcome to World News. Tonight, rising red ink(손실 적자). New projections point toward an exploding deficit in the next decade. That could be another challenge to health care reform. Flu fight. The government considers distribution of a flu vaccine before it is fully tested raising questions about safety. War of words. Former vice president Cheney confronts the White House over CIA interrogation tactics. Battle lines. The long struggle over development on the edge of a civil war battle field comes to an end. And the newest clunker program. Big incentives on other big ticket items. From ABC News headquarters, this is World News with Charles Gibson.

 

Good evening. We begin tonight with numbers. Huge numbers. Virtually impossible to grasp. The White House said today the deficit this year is going to balloon to a record 1.6 trillion. That is trillion with a T dollars. That is more than triple last year’s deficit. And it’s not going to get much better in coming years. Congress expects the deficit to explode to a total $ 7 trillion over the next decade. The White House number is even higher. They expect 9 trillion over 10 years. Huge numbers as I say. So Bianna Golodryga joins us tonight. Bianna?

 

Good evening, Charlie. The numbers are, indeed, staggering. The administration noted the taxpayer’s debt as a percentage of economic growth is expected to reach its highest levels since World War II. Recovery, but at what cost? The mid-year budget released today points the signs of economic stabilization in financial markets and the banking system. But the price tag is enormous, arguing that such deficits mean the country cannot afford health care reform. “We’re talking about a new trillion or multi-trillion dollar debt laid on the American people.”

 

In a move seen by many as both the diversion(전환) as well as a market stabilizer(시장 안정자), the president made news of his own by reappointing the Federal Reserve Chairman. “The man next to me, Ben Bernanke, has led the Fed through one of the worst financial crisis that this nation and the world has ever faced.” There was a glimmer of good news today in housing. The very market which fueled the collapse. Home prices rose in the last quarter for the first time in three years.

 

And another bit of good news on the economic front today came in the form of consumer confidence which rose more than expected for the month. That type of sentiment will surely help Bernanke who still faces confirmation hearings on Capitol Hill for a second time. Charlie? Bianna Golodryga reporting tonight. Thanks.

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