federal budget deficit News

federal budget deficit News From AOL News

Obama's Debt-Cutting Plan: Everything on the Table

WASHINGTON -- President Barack Obama, plunging into the rancorous struggle over America's mountainous debt, will draw sharp differences with Republicans Wednesday over how to conquer trillions of dollars in spending while somehow working out a compromise to raise some taxes and trim a cherished program like...

GOP Presidential Field Eyes Budget Wars From Afar

WASHINGTON -- Republicans are pressing ahead with one of the most ambitious and risky long-term spending agendas in memory, yet the dozen or so potential White House hopefuls are nearly invisible on the issue. They can't stay on the sidelines for long, however. The contentious debate will rope them in on terms they might...

White House Seeking Deal in Budget Stalemate

WASHINGTON -- The White House said Tuesday it was still confident Republicans and Democrats could reach an agreement to fund the government through the end of the year and avoid a shutdown, while admitting frustration at the pace of negotiations. "We believe a deal is possible," White House spokesman Jay Carney told...

Boehner Signals Compromise in Budget Talks

WASHINGTON -- Despite fresh pressure from tea party conservatives, House Speaker John Boehner said Thursday that Republicans "can't impose our will" on the White House and Senate Democrats on legislation to cut tens of billions of dollars in federal spending. At a news conference, Boehner, R-Ohio, denied Democratic...

Opinion: Are We Broke Yet? [VIDEO]

"The nation is not broke, my friends," opines guerrilla filmmaker and amateur accountant Michael Moore. "Wisconsin is not broke. Saying that the country is broke is repeating a big lie." Relax, America, it turns out that all that talk about local, state and federal government being broke is just total B.S. or, as The...

federal budget deficit News From AOL

THE HUFFINGTON POST - BUSINESS

Jared Bernstein: For Whom the Austerity Bell Tolls

In conversations and debates around the recent deceleration in job growth, when I've pointed out that we here in the U.S. have our own austerity programs going, I'm often met with disbelief.

DAILYFINANCE

Medicare's Next Patient: The Federal Budget Deficit

When it comes to cutting budgets, fiscal conservatives often drag out easy villains like peanut subsidies and bridges to nowhere.

THE HUFFINGTON POST

Brian Keane: The Debt Ceiling Talks Remind Me of High School

It's hard to keep ahead of the he-said, she-said nature of the debt ceiling talks that transpired over the weekend.

federal budget deficit News From the Web

05/30/12 C. GUNN HAYDON: Tea Party should take look at spending... Source: Standard-Times - San Angelo TX In response to San Angelo Tea Party President Terry Campbell's column Friday, I'm not sure who is drunk on party Kool-Aid. Quoting biblical passages is one way to get your point across to folks whose beliefs are similar to yours, but with regard to how the nation and our Constitution are faring it has little bearing on reality.
03/14/11 LETTER: U.S. debt is getting larger Source: Aiken Standard - Aiken SC Then in 2007, the Democrats took over Congress.

Background on federal budget deficit

The Budget of the United States Government is the President's proposal to the U.S. Congress which recommends funding levels for the next fiscal year, beginning October 1. Congressional decisions are governed by rules and legislation regarding the federal budget process.

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