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US Budget

U.S. Records $71 Billion Budget Surplus In June

AP | Posted 07.11.2014 | Politics

WASHINGTON (AP) — The U.S. government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008. ...

Is the US Government Cooking the Books?

Solomon Kahn | Posted 08.12.2014 | Huffpost Code
Solomon Kahn

Let's take Benford's Law and apply it to the US Budget to see if everything checks out!

Deficit Falls Below $1 Trillion For First Time In Five Years

AP | MARTIN CRUTSINGER | Posted 10.31.2013 | Politics

WASHINGTON -- WASHINGTON (AP) — For the first time in five years, the U.S. government has run a budget deficit below $1 trillion. The government sa...

Ranking House Dem Pushes Firm Line In U.S. Budget Talks

Reuters | Posted 01.23.2014 | Politics

By Caren Bohan and David Lawder WASHINGTON, Oct 22 (Reuters) - A senior House of Representatives Democrat set down a firm marker on Tu...

Good Grief! How Did We End Up on the Verge of Another Government Shutdown?

Scott Lilly | Posted 11.30.2013 | Politics
Scott Lilly

The backbenchers that have engineered this train wreck may not be embarrassed by their handiwork, but party veterans clearly want no part of it.

Syria Vote Complicates Fiscal Debate

Reuters | Posted 11.01.2013 | Politics

By David Lawder WASHINGTON, Sept 1 (Reuters) - A vote in Congress over whether to launch U.S. attacks against Syria is expected to w...

Government Forecast Finds Budget Deficit Down 37.6 Percent Through July

AP | MARTIN CRUTSINGER | Posted 08.13.2013 | Politics

WASHINGTON -- The government on Monday reported a $97.6 billion deficit for July but remains on track to post its lowest annual budget gap in five yea...

What Budget Deficit? US Records Surplus

AP | MARTIN CRUTSINGER | Posted 07.11.2013 | Politics

WASHINGTON -- The federal government on Thursday reported a rare surplus of $116.5 billion in June, the largest for a single month in five years. The ...

Reality 1, Austerity 0

Robert Kuttner | Posted 04.28.2013 | Politics
Robert Kuttner

It's been a very bad week for the merchants of austerity. In Europe, the just-released statistics on first quarter performance show EU nations sliding deeper into recession. In Spain and Greece, unemployment rates are approaching a staggering 30 percent. In Britain, the Tory government took as good news the fact that the UK managed to eke out 0.3 percent growth. Even Germany, the prime sponsor of these policies, is on the edge of recession. You don't promote growth by slashing demand. Supposedly, fiscal tightening improves business confidence. But if some entrepreneur somewhere decided to break ground for a new factory because the president and Congress at last cut the budget, nobody could find such a person. Even the Washington Post editorial page, which has long been promoting a budget bargain built on more cuts, warned in its lead Sunday editorial, that austerity is pinching too hard -- in Europe, that is. How about at home?

K Street: Then and Now

Scott Lilly | Posted 06.25.2013 | Politics
Scott Lilly

Airlines for America CEO Nick Calio's recent lawsuit against the Federal Aviation Administration demonstrates that lobbyists today aren't as invested in the details as they used to be.

Cut Social Security to Destroy the Recovery

Robert Kuttner | Posted 06.07.2013 | Politics
Robert Kuttner

The Republican bargaining habit is well-established -- take Obama's "final" offer as the new starting point and demand further concessions. With this strategy, our president has let them take him to the cleaners for more than four years now, and is still hoping that sweet reasonableness will produce compromise. It never has and never will. If Democrats stand for anything, it is defense of Social Security and Medicare -- America's two most broadly beneficial and most beloved government programs -- and the president just gave away this last bit of product differentiation. In the past, Republicans have saved Obama from himself by refusing to consider any tax hikes. Now, I'm beginning to think, it's time for Democrats save him from himself. And the Democratic Party. And us.

Republican Party Is Officially Broken

Salon | Posted 04.06.2013 | Politics

The American political system is not broken. What’s broken is the Republican Party. And it’s not clear how it will recover....

The Only Budget That Matters

Richard (RJ) Eskow | Posted 05.17.2013 | Politics
Richard (RJ) Eskow

Despite the fact that it will never be enacted, right now the CPC budget vote is the most important budget battle in the country. It's the only plan that makes economic sense, the only plan that fully reflects the best of our nation, the only plan that represents the public's will.

The Most Open Country In The World

The Huffington Post | Ryan Craggs | Posted 02.17.2013 | World

Fabled Supreme Court Justice Louis D. Brandeis once said, "sunlight is said to be the best of disinfectants." If that is in fact the case, then the wo...

The Great National Debt Freakout (Explained in Five Minutes)

Josh Kalven | Posted 12.11.2012 | Politics
Josh Kalven

In the next 25 years, the national debt is on an "explosive path," assuming we keep 2012 policies in place. Why did this happen? How worried should we be?

A Fuller Accounting

Debra K. Decker | Posted 12.06.2012 | Politics
Debra K. Decker

We keep getting twisted and tied up by urgent matters because we don't address America's important underlying issues: what we want as a people and the role of government in helping us achieve that. To develop a framework, we need a fuller accounting.

The Daedalus Dilemma

Michael Malice | Posted 02.01.2013 | Politics
Michael Malice

We leave the conservative and the progressive, unable to understand each other, angry and frustrated, in a prison neither of their making nor of their own choosing -- but a prison nonetheless.

The Global Debt Bomb and the Fiscal Unsustainability of the United States

Hon. Joseph J. DioGuardi | Posted 11.30.2012 | Politics
Hon. Joseph J. DioGuardi

We can no longer ignore the fact that the national debt is becoming so large that just spending more and taxing less, and paying the interest on the ever-increasing resulting debt, can soon bankrupt America.

How Americans Would Prefer To Reduce The Deficit

Reuters | Posted 06.17.2012 | Business

April 17 (Reuters) - Cutting government programs is favored as the way to reduce the U.S. budget deficit by more than twice as many Americans as tho...

Military Funding vs. Funding for the Arts: What Does the Difference Say About American Values?

Brendan McMahon | Posted 03.31.2012 | Arts
Brendan McMahon

If we as Americans are so willing to grossly over-fund our military and defund our arts, our deepest expression of ourselves both at home and abroad is simply an expression of war.

GRAPHIC: Explaining The Federal Budget Deficit

The Huffington Post | Posted 12.13.2011 | Business

Since as early as August, it's been clear that the United States federal deficit would top $1 trillion in 2011 for the third year in a row. At 8.7 per...

U.S. Budget Balanced in Giggling Baby Video's Comments Section

Pablo Andreu | Posted 02.08.2012 | Comedy
Pablo Andreu

These anonymous YouTube-goers managed to uphold fiscal responsibility without compromising critical social programs -- a feat that has evaded Republican and Democratic politicians for years.

Thoughtless Doubts in Debt Ceiling Debate Could Lead to Disaster

Dana Radcliffe | Posted 09.26.2011 | Politics
Dana Radcliffe

The U.S. government's solvency after August 2 may well depend on who prevails in a sharply partisan debate about how bad a default would be for the economy -- ordinarily the sort of issue politicians leave to experts

Obama Holds the Cards -- If He Will Play Them Well

Robert Kuttner | Posted 09.23.2011 | Politics
Robert Kuttner

At some point this week, stock and bond markets will begin to start swooning, and the usual wise guys will begin making high-risk bets at the expense of financial stability as a whole. Obama will be revealed to be holding more of the cards -- if he starts playing his hand well (for a change).

U.S. To Dramatically Slash $80-Billon Tech Budget

New York Times | Posted 09.19.2011 | Technology

The federal government plans to shut 40 percent of its computer centers over the next four years to reduce its hefty technology budget and modernize t...