U.S. Deficit to Shrink Below $1 Trillion, CBO Says

Feb. 5 (Bloomberg) -- The federal government will post an $845 billion deficit this year, the first time in five years that the shortfall has dipped below $1 trillion, though the long-term budget outlook remains grim, according to the Congressional Budget Office. Megan Hughes reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

Yellen Testifies on Fed Policy, Economy (Statement)
15:23 - Federal Reserve Chair Janet Yellen testifies before the House Financial Services Committee in Washington, about the outlook for the economy and Fed policy. (This is Yellen’s prepared statement for day one of her two-day semi-annual report to Congress. Source: Bloomberg)
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