Government posts $125 billion deficit in May
(Reuters) – The government posted a budget deficit of $125 billion in May, more than twice the level registered in the same month last year.
View ArticleBudget gap narrows to $69.6 billion in July vs. year ago
(Reuters) – The monthly U.S. budget deficit shrank to $69.6 billion in July from $129.4 billion in the same month a year ago, reflecting a rise in government receipts and a drop in spending. More from...
View ArticleAlmost 2,400 Millionaires Pocketed Unemployment Benefits
Almost 2,400 people who received unemployment insurance in 2009 lived in households with annual incomes of $1 million or more, according to the Congressional Research Service. The report was released...
View ArticleErskin Bowles: Washington must craft deal on debt
Rarely has it ever been this clear that elected leaders from across the political spectrum need to come together to address our nation’s rising federal debt. Read more here.
View ArticleCongress comes back Tuesday to confront “fiscal cliff”
(Reuters) – Amid a global fright over Washington’s political brinkmanship, U.S. lawmakers return to the capital on Tuesday with a seven-week deadline to reach agreement on scheduled tax hikes and...
View ArticleAnalysis: “Fiscal cliff’ deal called a dud on deficit front
In the controversy surrounding the “fiscal cliff” issue, it’s easy to forget that the origin of the entire debate was a professed desire to reduce swollen federal deficits. More from Reuters.com
View ArticleEconomy, deficit top voter issues ahead of Obama speech: poll
(Reuters) – Americans are eager to hear President Barack Obama address the U.S. economy and federal deficit in his State of the Union speech on Tuesday, with more than half still convinced the nation...
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