Senate Budget Committee Holds Hearing On Budget And Economic Outlook

Senate Budget committee ranking member Sen. Judd Gregg (R-NH) (L) listens as committee Chairman Kent Conrad (D-ND) questions Congressional Budget Office Director Douglas Elmendorf during a hearing about the CBO's Budget and Economic Outlook for FY 2010 to 2020 January 28, 2010 in Washington, DC. The CBO's latest estimates see a $1.35 trillion deficit for the current budget year, dropping to $980 billion next year only if a host of tax cuts enacted under President George W. Bush are allowed to expire at the end of the year.
(Jan. 27, 2010 - Source: Chip Somodevilla/Getty Images North America)