WASHINGTON — Lower tax revenue and massive government spending on the bank bailout pushed the federal deficit to $765 billion in the first five ...
Bennet Kelley | Posted 04.02.2009 | Politics
If the Republicans are going to ever regain political supremacy, they are going to have to take off their sunglasses and recognize the wreckage they have caused.
Gary Shapiro | Posted 04.02.2009 | Media
We are in trouble unless we have an honest inquiry and discussion on the big issues of our time -- and they all come down to money and priorities.
Will Bunch | Posted 03.31.2009 | Politics
It's true -- Barack Obama cannot cure cancer. By as president, he has the power to do something else that's almost as amazing: To help America to dream big again.
Michael J. Panzner | Posted 03.30.2009 | Politics
After almost four decades of relative calm and complacency, there are signs that the social mood is beginning to sour.
Lincoln Mitchell | Posted 03.30.2009 | Politics
Jindal's speech is easy to dismiss, but the potential power of his misleading message must be taken seriously.
Reuters | Posted 03.29.2009 | Politics
President Barack Obama's budget includes hundreds of billions of dollars in revenues from a greenhouse gas emissions trading system, an administration...
Wall Street Journal | Posted 03.29.2009 | Politics
Rosy's back. The famed Rosy Scenario, coined in the early days of the Reagan White House when large tax cuts and higher defense spending were assumed...
Wall Street Journal | Posted 03.29.2009 | Politics
The Federal Bureau of Investigation would get funds to boost the ranks of agents investigating mortgage fraud, under a budget blueprint unveiled by th...
Washington Post | Posted 03.29.2009 | Politics
Civilian employees of the federal government will be limited to a 2 percent pay increase in 2010 under the proposed budget released this morning by th...
Larry Gellman | Posted 03.28.2009 | Business
Only Obama and the financial markets are telling us the truth. Not only can we handle it, most Americans are thrilled to finally have a president who is smart enough to know what's going on.
New York Times | Posted 03.23.2009 | Politics
For his first annual budget next week, President Obama has banned four accounting gimmicks that President George W. Bush used to make deficit projecti...
Bloomberg | Michael Quint | Posted 03.13.2009 | Business
Feb. 10 (Bloomberg) -- The New York Lottery is proposing a gamble where the odds aren't always in its favor -- moving its $1.3 billion prize fund into...
Lawrence O'Donnell | Posted 02.23.2009 | Politics
The Gillibrand simple-minded devotion to balancing the federal budget above all else means that she must oppose everything on the Obama agenda.
Rob Fishman | Posted 09.16.2009 | Business
Just how much is $1.2 trillion? To put this year's deficit in perspective, we thought of a few unrealities that carry a similar price tag.
Scott Bittle and Jean Johnson | Posted 02.13.2009 | Politics
Unless there are reforms in Social Security and Medicare, by 2040 or so, every tax dollar collected will be needed to pay for entitlement programs and interest on the debt.
Joe Peyronnin | Posted 02.07.2009 | Green
By combining the affects of global warming and global dimming scientists have come to an alarming conclusion. It appears that global dimming has been "masking" the global warming problem.
Robert Creamer | Posted 01.23.2009 | Politics
Republicans will argue that when times are tough you don't increase your spending, you tighten your belt and live within your means. That may be a good idea for an individual. It's a terrible idea for a country.
Scott Bittle and Jean Johnson | Posted 12.14.2008 | Politics
Many American have no idea how long the country has been running deficits and they may not have all the numbers at their fingertips, but the general drift has not escaped them.
Michael Pento | Posted 12.14.2008 | Business
Americans must hope that the Obama administration is honest with the people and makes some difficult choices early in his tenure to deal with our growing annual deficits and long term debt.
Sen. Fritz Hollings | Posted 11.24.2008 | Politics
The candidates have been campaigning for two years and have engaged in dozens of debates. However, the budget problem facing the next president has not been mentioned.
Dean Baker | Posted 11.22.2008 | Business
This film should be viewed as part of a larger effort to dismantle Social Security and Medicare, the country's core safety net programs.
Kim Mance | Posted 11.20.2008 | Politics
No Senator McCain -- a government spending freeze of "everything but defense, veteran affairs and entitlement programs" is not OK.
Jeffrey Feldman | Posted 11.15.2008 | Politics
Nowadays, when Americans think about profligate spending, they do not think about Democrats. Instead, when voters talk about grossly excessive government spending, they talk about Bush.
Scott Bittle and Jean Johnson | Posted 11.07.2008 | Business
Ten trillion is an almost unimaginable number -- so colossal that the National Debt Clock in Times Square, for example, didn't even have room for that many digits. On Sept. 30, they had to squeeze the "1" and the dollar sign into the same box.
AP | CHRISTOPHER S. RUGABER | Posted 04.11.2009 | Politics