Congressional Budget Office Director Douglas Elmendorf gestures as he speaks about the office's annual Budget and Economic Outlook during a news conference at the Ford House Office Buil

 

              Congressional Budget Office Director Douglas Elmendorf gestures as he speaks about the office
Congressional Budget Office Director Douglas Elmendorf gestures as he speaks about the office's annual Budget and Economic Outlook during a news conference at the Ford House Office Building in Washington, Tuesday, Feb. 5, 2013. The federal budget deficit will drop below $1 trillion for the first time in President Barack Obama's tenure in office, a new report said Tuesday. (AP Photo/Jacquelyn Martin)