Here’s a roundup of this morning’s must-read budget and economic stories:

According to the Congressional Budget Office, the budget deficit for FY 2012 now stands at $1.17 trillion. The Hill has the story.

Reuters reports German leaders think the U.S. debt is too high.

Meanwhile, Bloomberg says it’s likely Congress will delay the spending cuts that are supposed to begin to take effect in January. (Politico believes lawmakers are using the cuts as political football.)

Politico says Congress could vote on a FY 2013 continuing resolution on Thursday.

According to The Associated Press, Amtrak funding is an issue in the 2012 election.

The Hill reports the House this week will pass a bill that will put a cap on federal agency conferences.

The Associated Press looks at the state of the U.S. economy.