Budget Draws More than Money Concerns

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The White House said Monday that the federal budget deficit may get worse this year--- with an expected increase of nearly $90 billion.

The projection would put the deficit at $1.8 trillion, which economists say is four times last year's record.

They attribute the increase to the recession, Wall Street bailout and President Barack Obama's economic stimulus bill.

The Obama administration is also taking flack from pro-life groups because of a move inside the president's latest budget proposal.

CBN News White House Correspondent David Brody has more analysis on this from Washington.  Click play for his comments.

Meanwhile, Federal Reserve chairman Ben Bernanke is expected to talk about the stress tests of the nation's largest banks at a Fed conference in Jekyll Island, Ga., Monday.

Last week, CBN News reported that 10 of 19 major institutions were told to increase capital reserves as a result of the tests.

US Bank, Capital One and BB&T were among the nine banks deemed by the government to have enough capital to withstand a deeper recession.

These banks have all announced common stock offerings, hopefully to pay back the government money.

Banks that received funds under the program have become subject to increased government scrutiny, as well as limitations on executive pay.

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