CBO tallies 2012 deficit at $1.1 trillion

A new estimate puts the deficit for the just-completed 2012 budget year at $1.1 trillion, the fourth straight year of trillion dollar deficits on President Barack Obama’s watch. The result was a slight, $207 billion improvement from the 2011 deficit of $1.3 trillion.

By: By Andrew Taylor, Associated Press, The Jamestown Sun