Gross Says U.S. Budget Deficit May Reach $800 Billion

``Those who suggest that fiscal deficits of $300 or $400 billion are going to be standard are going to be disappointed,'' Pacific Investment Management Co.'s Gross said in an interview on Bloomberg Radio. ``They're going to be $600, $700, $800 billion.'' -- An $800 billion deficit would probably imply astronomical growth of the national debt of around $1.5 trillion a year.