The original content of Democracy Now! Headlines appears under the Creative Commons BY-NC-ND 3.0 License (United States). For more, including their other shows and media, visit www.democracynow.org. May 12, 2009 Federal Deficit to Reach Record $1.8 Trillion --------------------------------------------- The Congressional Budget Office is estimating the federal deficit will reach a record $1.8 trillion this year. This means the government will have to borrow nearly fifty cents for every dollar it spends. .