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"The White House on Monday predicted a record deficit of $490 billion for the 2009 budget year, a senior government official told CNN.

President Bush inherited a budget surplus of $128 billion when he took office in 2001 but has since posted a budget deficit every year.

But the senior administration official says the budgetary problems stem from what is believed to be inadequate defense, intelligence and homeland security resources that were handed down from Clinton." (CNN)