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Completely oblivious Nancy Pelosi: “The speaker wants to go over the edge”

House Minority Leader Nancy Pelosi (D-Calif.) on Sunday challenged Speaker John Boehner to move forward with cutting middle class tax rates and blasted him for ...

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Surprise! Last Year’s Deficit Actually $5 Trillion

Since 2009, and since Senate Democrats last passed a budget, the Congressional Budget Office has calculated $1 trillion deficits each year with 2012 being no ...

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Germany Rejects Obama’s Calls To Fight Euro Debt Crisis: “Mr. Obama Should...

The fact that Obama can stand there and lecture another country about reducing their deficit is a testament to his supreme arrogance. Germany’s finance minister ...

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Obama’s Plan To “Pay Down Our Debt” Would Add $10.6 Trillion In Federal Debt…

President Obama’s budget will add almost $11 trillion to the federal debt over the next ten years, according to the ranking member on the Senate ...

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Deficit at $975B, on pace to top $1T mark for fiscal 2012

The nonpartisan Congressional Budget Office (CBO) on Tuesday estimated that the federal budget deficit stands at $975 billion through July. This guarantees that the deficit ...

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Geithner defends Obama as deficit again tops $1 trillion

Treasury Secretary Timothy Geithner on Friday defended the White House approach to the deficit as his department officially confirmed a fiscal 2012 deficit of $1.089 ...

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Budget Deficit Again Tops $1 Trillion

The U.S. government ran a $1.089 trillion budget deficit in the fiscal year that ended Sept. 30, a smaller gap than the year before but ...

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Budget deficit rises to $120 billion in October

The budget deficit rose in October, the first month of fiscal year 2013, as looming negotiations over expiring tax cuts and imminent spending reductions dominated ...

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Deficit already at $292 billion for fiscal 2013

The federal budget deficit has reached $292 billion just two months into fiscal 2013, the Congressional Budget Office estimated Friday. That is a fast start ...

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Critics urge much bigger cost savings in farm bill

Congress should slash at least $100 billion in costs from the U.S. farm bill – three or four times more than cuts currently proposed – ...

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Geithner: US will hit $16.4 trillion debt limit
 on New Year’s Eve

The United States will reach its $16.4 trillion borrowing limit on Dec. 31 and undertake “extraordinary measures” to avoid default, the Treasury Department informed congressional ...

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President Obama’s Deficit Problem

Republicans are reportedly ready to vote to hike the debt ceiling without any of the major deficit-related concessions they’ve been pushing for from Democrats, and ...

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Obama pledge to spend without adding ‘dime’ to deficit draws skepticism

State of the Union addresses are usually packed with promises and lofty goals. But President Obama’s pledge Tuesday night to push a raft of spending ...

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Having Added Record $5.9T to Debt, Obama Claims He’s Cut Deficit $2.5T

President Barack Obama claimed today that since he has been president both parties have worked together to cut the federal deficit by $2.5 trillion—despite the ...

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