Budget Deficit

July 27, 2012 - 3:44 PM
FILE - In this July 13, 2012 file photo, President Barack Obama speaks during a campaign stop in downtown Roanoke, Va. New figures released Friday by the White House predict this year’s federal budget deficit will end up at $1.2 trillion. That would make the fourth consecutive year of trillion dollar-plus deficits during President Barack Obama’s administration. (AP Photo/Don Petersen, File)