San Francisco ChronicleObama Sees Deficit Down to $1.2T, GDP at 2.6% in 2012BusinessweekBy Roger Runningen on July 27, 2012 The Obama administration forecast the federal budget deficit at $1.21 trillion this year, down from $1.33 trillion projected in February, as government spending slows. The president's Office of Management and Budget ...Obama Sees 2012 Deficit Down to $1.2 Trillion, GDP at 2.6%San Francisco ChronicleWhite House projects $1.2 trillion budget deficit this yearFox NewsObama budget office lowers economic growth forecast for 2012ABC NewsThe Associated Press -Washington Post -Reutersall 360 news articles »