Japan credit rating is downgraded. Who is next?
http://dealbook.nytimes.com/2011/01/26/as-europe-toils-on-debt-u-s-and-japan-watch-nervously/The CBO predicts that US federal budget deficit for FY 2011 is likely to approach $1.5 trillion
http://cbo.gov/ftpdocs/120xx/doc12039/SummaryforWeb.pdf
See earlier post as well