U.S. Deficit Projected To Eclipse $1 Trillion In 2020, Despite Strong Economy

The U.S. government's budget deficit is projected to reach $1.02- trillion in 2020, according to a report released Tuesday by the nonpartisan Congressional Budget Office, as the federal government continues to spend much more than it collects in tax revenue. Spending for Medicare, which provides health care for older Americans, will rise from $835- billion…