Speaker John Boehner (R-Oh.) tells reporters that the House is “continuing to work with our members on the budget … to show the American people a way forward to fiscal sanity.” He notes that the deficits projected by the White House are unacceptable. (:33) [Audio clip: view full post to…

The Congressional Budget Office announced Tuesday that the deficit for fiscal year 2012 will likely be $1.1 trillion.