Federal Debt

Deficit Estimate Hiked

AP | ANDREW TAYLOR | Posted 05.13.2012

Read More: Deficit, Debt, Video, Deficit Cbo, Cbo, Federal Deficit, Federal Debt, Deficit Estimates, Budget Deficit, Congressional Budget Office, Federal Budget, Politics News

WASHINGTON — A new estimate from congressional economists says the government will run a $1.2 trillion deficit for the budget year ending just a...

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The Most Disenfranchised Group In America? It's Not Who You Think

Tom Barrella | Posted 05.07.2012

Read More: Debt Crisis, National Debt, Financial Literacy Education, Federal Debt, Personal Finance Education, Teen Financial Literacy, Teens, Education News

I teach 100 of them each year about investing and finance at a leading public high school on New York's Long Island. Their mindset upon entering class that first day is one of blissful ignorance.

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Bernanke: 'The Elephant In The Room Is Really Health Care Costs'

HuffingtonPost.com | Bonnie Kavoussi | Posted 02.02.2012

Read More: Debt, Video, Government Debt, Federal Budget Deficit, Federal Deficit, Bernanke, Government Spending, Ben Bernanke Federal Reserve, Federal Debt, Health Care Reform, Federal Reserve, Ben Bernanke, Health Care, Federal Budget, Business News

Federal Reserve Chairman Ben Bernanke warned Thursday that rising health care costs must be curbed if the U.S. government is to reduce the federal deb...

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New Report Reveals Surprising Result About Deficit

AP | ANDREW TAYLOR | Posted 04.01.2012

Read More: Deficit, Debt, Deficit Cbo, Video, Cbo, Federal Budget Deficit, Payroll Tax Cut, Federal Debt, Budget Deficit, Cbo Deficit, Bush Tax Cuts, Politics News

WASHINGTON — The government will run a $1.1 trillion deficit in the fiscal year that ends in September, a slight dip from last year but still ve...

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Johnston: Fed's Near Record-Low Interest Rates A Loser For Taxpayers

Reuters | Posted 03.11.2012

Read More: Interest Rates, Mega-Banks, Video, US Census Bureau, Tax Returns, Reuters, Federal Debt, Federal Reserve, Ben Bernanke, Taxpayers, Ension Benefit Guaranty Corporation, Pension Funds, Business News

(The author is a Reuters columnist. The opinions expressed are his own) By David Cay Johnston Jan 10 (Reuters) - The Fe...

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Credit Agency Warns Debt Could Lead To U.S. Downgrade

Posted 12.22.2011

Read More: Fitch Ratings, Video, Moody's Investors Service, Congress, Social Security, Debt Reduction, Deficit-Reduction, Federal Debt, Credit Rating Agencies, Standard & Poor's, Credit Rating, AAA Rating, U.S. Credit Downgrade, Business News

NEW YORK (Daniel Bases) - Fitch Ratings on Wednesday warned again that the United States' rising debt burden was not consistent with maintaining t...

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Misleading Obama Debt Chart Goes Viral -- Again

The Huffington Post | Dean Praetorius | Posted 12.03.2011

Read More: Obama Debt, Presidential Debt, Fake Obama Debt Chart, Video, George Bush Debt, Presidential Debt Chart, Nancy Pelosi Debt Chart, Fake Nancy Pelosi Debt Chart, Federal Debt, Obama Debt Chart, Incorrect Debt Chart, Barack Obama, Bush Tax Cuts, Politics News

Sometimes data does lie. The chart below has been incredibly viral in recent days, making its way across the internet in one form or another, reach...

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A Wake-Up Call on Deficit Reduction

Louis Fisher | Posted 10.30.2011

Read More: Elections 2012, Deficit Reduction, Greek Debt Crisis, Federal Debt, Tea Party, US Economy, Politics News

Tea Party played a significant role in the debt limit debate, but how did they gain their leverage? The answer is the failure of the national government over a period of decades to recognize the magnitude of federal deficits and do something about them.

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Lead, Mr. President, Lead.

Pat Choate | Posted 09.28.2011

Read More: 14th Amendment, Social Security, Congress, Federal Debt, President Obama, 112th Congress, Medicare, Budget Deficit, Politics News

What Congress and the president cannot do is default on this national debt. We must pay for what we spent -- past, present and future. That is the Constitution speaking loudly and clearly.

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Consumer Confidence Rattled By Debt Deal's 'Dire Economic Consequences'

Posted 09.28.2011

Read More: Debt Ceiling, Economic Policy, U.S. Debt Crisis, Unemployment Rate, Obama Adminstration, Reuters, Federal Debt, Stagnant Wages, Consumer Sentiment, Consumer Spending, Business News

Consumer sentiment fell in July to its lowest point in more than two years, as anxieties over stagnant wages and rising unemployment deepened, a s...

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Bill Gates: Education Can Be Reformed Before Poverty Is Eliminated

AP | RUSSELL CONTRERAS | Posted 09.27.2011

Read More: Latino Families, Education, Congress, Black Families, Poverty, Microsoft, Federal Debt, Education and Poverty, Bill Gates, Education Reform, Henry Louis Gates, Latino and Black Education, National Urban League, Education News

BOSTON — Microsoft founder Bill Gates told the National Urban League on Thursday that a child's success should not depend on the race or income ...

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Self-Criticism: A New Habit of Mind

Carla Seaquist | Posted 09.25.2011

Read More: Self-Criticism, Birthers, Debt Ceiling Talks, Obama Birthers, Federal Deficit, Debt Ceiling, Federal Debt, Political Philosophy, Political Polarization, Sarajevo, Polarization, American Decline, Politics News

Once again we do the rigid Kabuki dance, leading once again to political stalemate -- this time over raising the federal debt ceiling. Even with the ...

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Minnesota Chants 'Tax the Rich' While the Rest of Us Sit on the Couch

Dan Bimrose | Posted 09.10.2011

Read More: Deficit, Minnesota, Wealthiest 2 Percent, Debt Ceiling, Increasing Revenue, Protest, Federal Debt, Tax the Rich, Democrats, Raise Taxes, Tax Increases, Republicans, Politics News

The state shutdown in Minnesota brought upon by the lack of a budget agreement between Democratic Governor Mark Dayton and Republican legislators only...

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Cognitive Dissonance on the Deficit?

Jerry Jasinowski | Posted 08.30.2011

Read More: Deficit, Gdp, Cbo, Federal Debt, Congressional Budget Office, Business News

Obviously, increasing economic growth would make deficit reduction easier, but it is difficult to see how we can accomplish that at the same time we are making major cuts in spending.

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Debt Ceiling Warning: Report Suggests Crisis Looms Absent Major Policy Changes

AP | ANDREW TAYLOR | Posted 08.22.2011

Read More: Cbo Debt Ceiling Report, Debt Ceiling Report, Debt, Deficit, Cbo Report Debt Ceiling, Cbo, Cbo Debt Ceiling, Federal Deficit, Debt Ceiling, Federal Debt, Debt Ceiling Cbo Report, Debt Ceiling Negotiations, Debt Ceiling Deadline, Politics News

WASHINGTON — The rapidly growing national debt could soon spark a European-style crisis unless Congress moves forcefully, the Congressional Budg...

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When Words Aren't Enough, Numbers Help Define OPM's Conflict of Interest

Linda E. Brooks Rix | Posted 08.22.2011

Read More: Office of Personnel Management, Opm, Federal Budget Deficit, U.S. Debt, Office of Personnel Management Budget, Federal Debt, OPM Budget, Politics News

Tell the average person that intragovernmental funds transfers are the root of an institutional conflict-of-interest problem in Washington, D.C., and ...

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The Golf Summit

Joe Peyronnin | Posted 08.17.2011

Read More: Debt, Biden Deficit Meetings, Debt Ceiling, Boehner Obama Golf Summit, U.S. Debt, National Debt, Obama Boehner Golf Summit, Golf Summit, Federal Debt, Obama Boehner Golf, Biden Deficit Commission, Biden Deficit Talks, Boehner Obama Golf, Economy, Politics News

Ask any gentleman who has spent considerable time on the links, there's rarely a problem that can't be hashed out over a round of golf. But Saturday's "Golf Summit" is unlikely to result in any breakthroughs on matters of debt and taxes.

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Pressure Builds As Biden-Led Debt Limit Talks Resume On Capitol Hill

AP | ANDREW TAYLOR | Posted 08.09.2011

Read More: Debt Ceiling, Debt Ceiling Talks, Federal Deficit, Debt Limit Negotiations, Debt Limit, Biden Debt Ceiling, Federal Debt, Joe Biden, Debt Ceiling Negotiations, Debt Limit Talks, Biden Debt Limit, Joe Biden Debt Ceiling, Joe Biden Debt Limit, Politics News

WASHINGTON — Vice President Joe Biden and GOP negotiators sparred over taxes Thursday in a private meeting that exposed their wide differences a...

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Japan Shows How to Defuse Debt Time-Bomb

Ellen Brown | Posted 07.27.2011

Read More: National Debt Default, Federal Reserve, Bank of Japan, Debt Ceiling, Federal Debt, Inflation, Great Depression, Business News

A game of Russian roulette is being played with the national debt ceiling. Fire the wrong chamber of the gun, and the result could be the second Great Depression.

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The Simplest Solution for Our National Debt...

Patrick Takahashi | Posted 07.26.2011

Read More: National Debt, Debt, National Debt Solutions, Debt Solution, Federal Debt, Politics News

... is to, for now, continue to increase it! Huh? Yes, I'm serious, and let me tell you why. First of all, most of you lean to the Republican point o...

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Debate Begins In Earnest As U.S. Hits Debt Limit

Posted 07.15.2011

Read More: Debt Ceiling, John Boehner Debt Ceiling, National Debt, Barack Obama, Federal Deficit, Debt Limit, Federal Debt, John Boehner, Mitch McConnell, Mitch Mcconnell Debt Ceiling, Obama Debt Ceiling, National Deficit, Politics News

WASHINGTON (Reuters) – The United States will reach the limits of its borrowing authority on Monday, but don't expect to hear alarm bells in Was...

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Poll Shows Where Americans Stand On Raising Taxes In Debt Fix

Posted 07.12.2011

Read More: Taxes, Debt Poll, National Debt, Debt Ceiling, Federal Deficit, Deficit Poll, John Boehner, Tax Raies, Debt Limit, Federal Debt, Government Spending, Taxes Poll, Tax Hikes, Barack Obama, Tax Increases, Politics News

WASHINGTON (Reuters) – More than half of Americans say higher taxes should be part of a fix to tame the $14.3 trillion U.S. debt, a Reuters poll...

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Simon Johnson: Is There Too Much Federal Debt?

The New York Times | Simon Johnson | Posted 07.06.2011

Read More: Federal Deficit, Debt Ceiling, Budget Cuts, Military Spending, Debt Limit, US Debt, Federal Debt, Government Spending, US Decifict, Business News

In the nation’s latest fiscal mood swing, the mainstream consensus has swung from “we must extend the Bush tax cuts” (in November and December 2...

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Treasury: Debt Limit Needs To Be Raised By $2 Trillion

Posted 07.04.2011

Read More: Treasury Department, White House, Senate, Congress, Debt Limit Increase, Treasury Officials, Debt Limit, Federal Debt, Obama Administration, Mary Miller, Business News

WASHINGTON (Richard Cowan and Rachelle Younglai) - The Treasury has told lawmakers a roughly $2 trillion rise in the legal limit on federal debt w...

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Chrystia Freeland: The Real Cost Of Diminished U.S. Clout

reuters.com | Posted 06.25.2011

Read More: Federal Debt, U.S. Debt, U.S. Clout, Federal Deficit, S&P, AAA Rating, Standard and Poor's, Business News

Now, as the relative power of the United States in the global economy declines, it is a fact of life that Americans need to get used to, too. That is ...

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