News Wrap: U.S. Budget Deficit to Top $1.2 Trillion for Year

Listen to the Audio KWAME HOLMAN: Wall Street scored new gains, thanks partly to news of improving orders for autos and aircraft. The Dow Jones industrial average gained nearly 144 points to close above 11,320. The Nasdaq rose 21 points to close at 2,467. The federal budget deficit will top $1.2 trillion this fiscal year, the Congressional Budget Office reported today. The red ink will be.