U.S. Budget Deficit to Reach $1.1 Trillion in 2012, CBO Says

U.S. Budget Deficit to Reach $1.1 Trillion in 2012, CBO Says

Senate Majority Leader Sen. Harry Reid , center, with Senate Majority Whip U.S. Sen. Richard Durbin and Sen. Patty Murray during a news conference on a middle class tax cut bill. Photograph by Alex Wong/Getty Images