The CBO is forecasting a $1.1 trillion deficit in 2012, followed by several years of a much lower amount. But CBO officials know that's a fantasy, so it has prepared a more pessimistic outlook.
The candidates head into a very different month of election contests after Tuesday's Florida primary. Newt Gingrich is already playing down his chances.
States like to have a big prize to dangle before candidates during the nominating season, as is the case with the Florida primary. But the Republican Party has been pushing for a more proportional system for allocating convention delegates.
OK, other super PACs have a lot more money to spend. But the Stephen Colbert super PAC ranks in the middle class of super-PACdom, and with it the comedian can keep ridiculing the US campaign finance system.
Mitt Romney usually recites lyrics to 'America the Beautiful' during his stump speech. But on Monday, the eve of Florida's GOP primary, he broke into song – and the crowd joined him.