Republican senators attacking the cost of a Democratic health care bill showed far different concerns six years ago, when they approved a major Medicare expansion that has added tens of billions of dollars to federal deficits. Complete Story...
The deficit in the broadest measure of foreign trade is expected to have widened slightly in the third quarter. But economists are hoping that U.S. exports will continue growing in coming months, providing support to American manufacturers and helping to lift the country out of recession.
President Barack Obama is sharpening the debate over federal spending, saying Republicans are stoking voters' fears by harping on deficits in a still-troubled economy.
A bipartisan group of former lawmakers and budget officials called on Congress and President Barack Obama Monday to commit to reining in trillion-dollar plus budget deficits to avoid dragging down the economy.
President Barack Obama's top economic adviser says creating jobs takes priority over reducing the country's red ink in the next year.
The deficit in the broadest measure of foreign trade posted a sharp increase in the July-September quarter, a sign that the U.S. economy was beginning to rebound as demand for foreign goods increased.
The Obama administration has alerted domestic agencies to plan for a freeze or even a 5 percent cut in their budgets, part of an election-year push to rein in record deficits that threaten the economy and Democrats' political prospects next fall.
President Barack Obama's top budget official promised Tuesday that the administration will try next year to wrestle the skyrocketing budget deficit under control to avoid higher interest rates and putting the health of the economy in jeopardy.
Treasury Secretary Timothy Geithner (GYT'-nur) says deficits are definitely too high, but the priorities right now are restoring economic growth and creating jobs.
Gov. Bill Richardson predicted that New Mexicans will face higher taxes next year to deal with the state's continuing budget problems.
Louisiana's Medicaid program is more than $250 million over budget this year, as swine flu made costs rise and Medicaid rolls grew amid the national recession, the state health secretary said.
What is $1.42 trillion? It's more than the total national debt for the first 200 years of the Republic, more than the entire economy of India, almost as much as Canada's, and more than $4,700 for every man, woman and child in the United States.
The federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week, congressional analysts said Wednesday.
The Congressional Budget Office is the non-partisan budget estimator for Congress. It calculates how much each piece of proposed legislation would cost the taxpayers.
A New York state audit of finances in a town filled with millionaires blames fiscal mismanagement for a deficit that required $15 million in bonding to cover budget shortfalls.
The U.S. trade deficit shot up in July to the highest level in six months as a surge in shipments of foreign oil and autos pushed imports up by a record amount.
Sen. John McCain is refusing to consider raising taxes to reduce the ballooning deficit.
President Barack Obama's pledge to make sure health care legislation is fully paid for excludes $245 billion to raise fees for doctors treating Medicare patients, a senior administration official said Tuesday.
In a year of eye-popping numbers, add one more: The government's annual budget deficit has topped $1 trillion.
WASHINGTON — The federal deficit has topped $1 trillion for the first time ever and could grow to nearly $2 trillion by this fall, intensifying fears about higher interest rates, inflation and the strength of the dollar.
The deficit in the broadest measure of trade plunged sharply in the first three months of the year as the country's deep recession depressed imports of oil and other goods.
A former budget officer in New York's exclusive Hamptons area pleaded not guilty Thursday to raiding a fund meant to buy land for conservation purposes and using $8 million to instead cover budget shortfalls.
Canada's finance minister said Monday the federal deficit will be substantially more than projected because the economic slowdown has been worse than expected.
The American Red Cross says it's on track to erase a $210 million deficit and balance its budget by next year.
The deficit in the broadest measure of U.S. trade fell sharply in 2008 for the second consecutive year, due partly to a larger surplus in services trade.