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everyone. the president s vacation in the sun was interrupted today by a cloud of bad economic news and a forecast of more to come. from both the white house and the non-partisan congressional budget office. here s some of it: they project the deficit for this year alone will hit a record high as the government spends $1.6 trillion more than it takes in. unemployment, now 9.4%, is expected to continue rising to 10% before starting to decline slowly next year. and the white house expects the economy to shrink this year by 2.%. now to help deal with all of this and try to reassure the financial markets, president obama announced he s reapainting the chairman of the fed to another term. chief white house correspondent chip reid is with the president on martha s vineyard. reporter: the president says he wants ben bernanke to head the federal reserve for another four years because he, more than anyone else, pulled the economy back from the brink of depression. ben bernanke has

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