President Obama's re-election campaign is feeling the heat of a new voter poll this morning. Very few...
CBO: Federal deficit will hit $1.3 trillion
The government will run another $1.3 trillion deficit in fiscal year 2011, Congress’s chief scorekeeper said Wednesday — easily eclipsing the $917 billion in savings over the next decade lawmakers scratched out earlier this month in their debt-reduction deal and underscoring the deep challenge they face going forward.
And over the next decade, the Congressional Budget Office said, the federal government will rack up nearly $6 trillion in new deficits — far outstripping the $1.5 trillion in future savings the new deficit super committee is charged with recommending to Congress...
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