BloombergUS Posts Fourth-Largest Budget Deficit Since WWIIBloombergAndrew Harrer/Bloomberg When lawmakers return to Washington in November for a post-election session, they will have only weeks to avert more than $500 billion in tax increases and $100 billion in automatic spending cuts set to take effect in January.Federal Deficit for 2012 Falls to $1.1 TrillionNew York TimesBudget deficit tops $1 trillion for fourth straight yearReutersUS runs a 4th straight $1 trillion-plus budget gapHuffington PostWall Street Journal -CNNall 612 news articles »