CBO sees accelerating U.S. budget deficit

From Reuters.com:

The U.S. government's budget deficit soared to $563 billion during the first four months of the fiscal year that began on Oct. 1, the Congressional Budget Office said on Thursday, in an estimate that includes money spent to bail out the ailing financial sector.

That bailout, coupled with huge anticipated government spending to help bring the U.S. economy out of a year-long recession, has led many experts to predict a government budget deficit of $1 trillion or more this year -- double last year's red-ink.