by Associated Press Published: January 31,2012
Tags: budget, deficit, federal, government
A new budget report released Tuesday predicts 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 very high by any measure. The Congressional Budget Office report also says that annual deficits will remain in the $1 trillion range for the [...] [...]
by Associated Press Published: January 6,2011
Tags: deficit, Democrats, Politics, Repbulicans
Democrats are accusing newly empowered House Republicans of exempting more than $1 trillion in proposed tax cuts and higher spending over the next 10 years from a promise to cut federal deficits. The exemptions include a bill to repeal last year’s health care legislation as well as GOP-backed proposals extending a series of tax cuts [...] [...]
by Associated Press Published: November 11,2010
Tags: deficit
Voters who last week sent Washington a message to wrestle the spiraling debt under control have gotten a message back from the leaders of a White House budget commission: It will hurt. A proposal released Wednesday by the bipartisan leaders of President Barack Obama’s deficit commission suggested cuts to federal Social Security pension benefits, deep [...] [...]
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