Do trillion $$ deficits matter?
b'Late last week, we learned that the U.S. budget deficit widened to $984.4 billion in the fiscal year ending September 30, its highest level in seven years. (As a reminder, the deficit is a simple annual calculation of the money the government takes in, minus the money government spends.) The Trump administration and the Congressional Budget Office expect the deficit to rise over $1 trillion in the 2020 budget year, which began October 1 and the CBO estimates that the deficit will stay above $1 trillion over the next decade. Does that really matter? CBS News Senior Business Analyst Jill Schlesinger joins Tony.'