CBO Predicts Higher Deficits than Expected

$12.2 trillion

The CBO says federal deficits are projected to grow much more than expected over the next decade thanks to the two-year budget agreement lawmakers and the White House struck last month, the Wall Street Journal reports. “The agency increased its forecasts for deficits over the next decade by $809 billion, to $12.2 trillion… The increase primarily reflects higher federal spending under the new budget deal, partly offset by lower projected interest rates.”

McCain: There’s No ‘Voice of Reason’ in the GOP

“That was a tough torch to carry and, as John said, there were many lonely days because he always said what was on his mind. I don’t see anybody carrying that mantle at all, I don’t see anyone carrying the voice — the voice of reason.”

— Cindy McCain, telling ABC News that no one in the Republican Party has become the party’s “voice of reason” after her husband’s death last year.