Gregg: Trillion-Dollar Deficit Must Not Become the Norm

Senator Judd Gregg (R-NH), ranking member of the Senate Budget Committee, today reacted to the U.S. Treasury Department’s Fiscal Year 2010 year-end report, which showed that the federal deficit hit $1.29 trillion, topping $1 trillion for the second straight year. The 2009 deficit of $1.4 trillion was the highest in U.S. history.