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White House to issue new budget forecast on July 23

WASHINGTON (Reuters) - The White House plans to issue fresh estimates of the U.S. budget picture on July 23, a U.S. official said on Friday.

In February, the administration projected the U.S. budget deficit would come in at $1.6 trillion in 2010 after hitting $1.4 trillion in 2009.

The administration will issue revised forecasts as part of its "midsession review" on the budget.

(Writing by Caren Bohan; editing by Todd Eastham)

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