Federal Budget Deficit to Shrink to $1.1 Trillion
This fiscal year's federal budget deficit is going to be a bit smaller than last year's, but is still more money than you can probably even wrap your head around.
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The Congressional Budget Office warns that the scheduled tax increases and spending cuts slated for next year affectionately known as "the fiscal cliff" would in fact lead to a recession, according to their newly released analysis.
This fiscal year's federal budget deficit is going to be a bit smaller than last year's, but is still more money than you can probably even wrap your head around.
The Super Committee's official deadline for a deficit deal is technically on Wednesday, but because of the necessary behind-the-scenes work at the Congressional Budget Office, the real deadline is Monday at midnight.
Reports say the bill doesn't save as much as advertised
Because the deal mainly cut money that might not have been spent in the first place
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