federal budget deficit
Feb 4, 2014 — The Congressional Budget Office says the federal budget deficit in fiscal 2014 will shrink to $514 billion — far less than it was at the height of the Great Recession. While the short-term outlook is a bit brighter, the CBO says there's still plenty to worry about in the long term.
Oct 26, 2012 — The president has been relatively mum during the campaign about what he would do if given a second term. He outlined more specific ideas this week — but he hasn't explained how he would get those ideas through Congress.
Apr 14, 2011 — Congress approved the $38 billion package of spending cuts. Now it goes to the White House for the president's signature.
Apr 14, 2011 — The shutdown showdown was avoided with a last-minute agreement of which it was said it cut $38 billion. But the Congressional Budget Office said the actual net savings will be a fraction of that amount, just $352 million because a lot of the money would have been spent in future years.
Apr 13, 2011 — President Obama delivered a much-anticipated address on his proposals for cutting the federal government's annual budget deficits and reducing the enormous, $14 trillion federal debt. Read through what he had to say.
Feb 16, 2011 — Alan Simpson, the former Republican senator, said the real fiscal threats are entitlements and defense spending, which should be cut, not programs for low-income Americans. He singled out a Defense Department health insurance program that costs taxpayers $53 billion annually.
Jan 26, 2011 — In the past year, the nonpartisan Congressional Budget Office's forecast of the 2011 deficit has grown by about $500 billion.