President Obama's proposed $3.7 trillion dollar federal government budget works some economic magic, from disappearing programs to mystery funding sources. Here’s a look at five key head-scratchers in the 2012 budget:
Raising the debt limit is about politics, not economics.
History, it seems, will remember 2010 in the United States as the year of health-care reform, the Gulf oil spill, and the tea party movement. But the most widely covered stories are clearly not the only events that could shape the future of the nation. Here we note five overlooked stories of 2010 – developments that might have received some press coverage but perhaps not as much as they should have, given the impact they could have on various aspects of American life in the years ahead.
An ode to the economic recovery – and other news of 2010 – inspired by Clement Clarke Moore's classic Christmas poem.
The Federal Reserve offers details on the loans it gave to banks and others at the height of the financial crisis. One program alone doled out nearly $9 trillion.
Bush’s memoir details the decisions that shaped his life and presidency – but fails to open a window into his thinking.
Many grass-roots activists want candidates to sign pledges to, say, undo health-care reform. Will such pledges tie lawmakers' hands later, or improve accountability?
Japan's central bank economists have tried everything to keep their economy afloat, including record levels of quantitative easing. Will America follow its example?
AIG plan involves converting bailout money into a common-stock ownership stake in the company, which the Treasury would sell over time. But the exit strategy isn't a quick or simple process.