Budget Deficit to Hit $1.5 Trillion: Dems’ Sticker Shock
Next year’s deficit will run up to $1.5 trillion, according to new figures from the CBO—thanks in no small part to a deal extending the Bush tax cuts. Benjamin Sarlin asks the pro-stimulus crowd when it’s time to rein in spending.
President Barack Obama is visible on a television screen as a trader checks his screens in the Goldman Sachs booth on the floor of the New York Stock Exchange in New York City. (Photo by Richard Drew / AP Photo),Richard Drew
