Mar 14th, 2010 · President Obama has praised Wisconsin Republican Paul Ryan for his ideas on deficit reduction. But most congressional Democrats are up in arms over his proposals, which include partial privatization of Medicare and Social Security.
Mar 14th, 2010 · President Obama has praised Wisconsin Republican Paul Ryan for his ideas on deficit reduction. But most congressional Democrats are up in arms over his proposals, which include partial privatization of Medicare and Social Security.
Mar 11th, 2010 · A budget crisis could lead New York to close the farm where John Brown is buried. Closing the burial site would save taxpayers about $40,000 a year, a tiny chunk of the state's $8 billion deficit. Historians say that's not enough to warrant the loss.
Mar 11th, 2010 · The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. sales abroad.
Mar 10th, 2010 · The divide on Capitol Hill is commonly depicted as Democrats versus Republicans and for good reason — the greatest rift in Congress is indeed partisan. But there's also a cleft between members of the same party, Democrats specifically, with a split between House and Senate members.
Mar 10th, 2010 · The Treasury Department said Wednesday that the February deficit was 14 percent higher than the previous record set in February of last year. The administration says the huge deficits are necessary to get the country out of the deepest recession since the 1930s.
Mar 9th, 2010 · The Supreme Court has said that retailers can't be expected to collect sales taxes in states where they don't have a physical presence. But as states struggle with huge budget deficits, they want to collect on the billions of dollars of taxes they say online shoppers owe.
Mar 8th, 2010 · Greek Prime Minister George Papandreou says his country takes responsibility for its financial problems and is looking to improve governance. He says even during the election campaign that brought his party to power last year, he was unaware of the scale of Greece's debt and deficit.