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Stacks of money are seen in what is being called a first-of-its-kind exhibit of five million dollars in cash at the Seminole Hard Rock Hotel & Casino on March 18, 2009 in Hollywood, Florida. The display consists of $100 bills encased in a 1,300-pound, custom-made $90,000 bullet-resistant Lexan showcase. (Photo by Joe Raedle/Getty Images)
Stacks of money are seen in what is being called a first-of-its-kind exhibit of five million dollars in cash at the Seminole Hard Rock Hotel & Casino on March 18, 2009 in Hollywood, Florida. The display consists of $100 bills encased in a 1,300-pound, custom-made $90,000 bullet-resistant Lexan showcase. (Photo by Joe Raedle/Getty Images)

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    New forecast predicts trillion-dollar deficits

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New forecast predicts trillion-dollar deficits

The recent Republican tax cuts and the bipartisan agreement to raise federal spending have done a number on already high budget deficits. CNN's Victor Blackwell explains how the outlook could be even worse than previously thought.

New forecast predicts trillion-dollar deficits

The recent Republican tax cuts and the bipartisan agreement to raise federal spending have done a number on already high budget deficits. CNN's Victor Blackwell explains how the outlook could be even worse than previously thought.