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)

Associated Press
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)
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)
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