Peter Orszag is said to be leaving after less than 18 months of wrestling with record deficits and a deep recession. Most White House budget directors last two years.
Peter Orszag is expected to leave in the coming months, although the exact timing is not known.
Europe looks to be serious about the structural change needed to solve its deficit and debt challenge. Will the US follow suit?
US presidents have long tried to obtain some form of line-item veto power. Obama's proposal could help eliminate pork-barrel projects, but it would also mark a big change in the balance of powers.
Two environmental groups report that at least 31 cases of coal ash waste contamination in 14 states are not listed by the EPA. Dangerous chemicals include arsenic, selenium, and boron.
Many finance experts say that Obama's basic strategy on the federal deficit is the right one for a fragile economy, but the effort carries economic risks.
President Obama faces a tough challenge in his budget: cutting the federal deficit while pumping up the economy. His budget pays for $33 billion in business tax cuts and $25 billion of aid to states through a spending freeze and reinstated taxes on wealthy Americans.
In the Senate, debate began Monday on healthcare reform. A look at the senators' likely votes makes it difficult to see how the public option, as it is currently constituted, can survive.