Deficit To Be $1.1 Trillion, Unemployment To Stay Above 8 Percent, CBO Says : The Two-Way : NPR

Deficit To Be $1.1 Trillion, Unemployment To Stay Above 8 Percent, CBO Says : The Two-Way : NPR


Expect to hear about this from the campaign of Republican presidential contender Mitt Romney as he continues to take aim at President Obama's record on the budget and the economy:
The Congressional Budget Office reports this morning that "for fiscal year 2012 (which ends on September 30), the federal budget deficit will total $1.1 trillion ... marking the fourth year in a row with a deficit of more than $1 trillion."
Also, the nonpartisan analysis arm of Congress predicts, "the unemployment rate will stay above 8 percent for the rest of the year."