TOPWRAP 5-US faces $1.75 trln deficit as world economy reels

Newswire

* Obama's 2009 budget projects $1.75 trln deficit * Britain unveils plan to guarantee toxic assets * RBS posts biggest loss in UK history * German unemployment rises to 3.3 emillion (For more on the financial crisis, click [nCRISIS]) By Pedro da Costa and Caren Bohan NEW YORK/LONDON, Feb 26 (Reuters) - The United States will rack up a $1.75 trillion budget deficit this year, the biggest since World War Two, as the government grapples with a global economic crisis that also drove ...

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