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CBO: Federal Budget Deficit for Fiscal 2012 $1.1 Trillion

Wed 22 Aug 12 | 10:06 AM ET
The Congressional Budget Office says 2012 will be the fourth year in a row with a deficit over $1 trillion, reports CNBC's Eamon Javers. The forecast has been lowered due to increased economic activity, according to CBO.
 
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