Donald Trump, Mike Huckabee, and Sarah Palin are the presidential candidate favorites among adult Republicans, according to a nationwide CNN poll
US credit rating is still AAA, but Standard & Poor’s added a cautionary note because of the nation’s ‘rising government indebtedness.’ Here's a look at some of the budget plans in Congress.
Looming debt-ceiling talks may be a bigger hurdle for the three negotiators than the hard-fought deal on the 2011 budget. As for a deficit-cutting plan? Obama and Boehner are starting far apart.
President Obama's campaign-style rhetoric reached for the Democratic base, and may be an acknowledgement that a deficit-reduction deal is unlikely before the 2012 election.
Though their plans differ dramatically, President Obama and the GOP agree that the deficit needs to be reduced by about $4 trillion over the next 10 to 12 years, in order to reassure credit markets and get the debt under control.
The battle over the national debt and fiscal responsibility has been joined. President Obama laid out his own idea of a path to prosperity Wednesday, countering a rival plan set forth last week by Rep. Paul Ryan (R), the chairman of the House Budget Committee. The plans share important similarities: big spending cuts, a form of automatic trigger if Congress fails to act, and reforms to entitlements like Medicare. But the contrasts are clear and significant. Here are five prominent differences between President Obama's and Congressman Ryan's plans on deficits and debt:
Obama's plan to cut federal deficits over the next 12 years relies on tax increases for the wealthy as well as budget cuts. But he rejects Republican plans for reforming Medicare.
JPMorgan earnings will be released before the market opens. Also on tap: Obama's budget plan and more toxic assets for sale.
House's plan for next round of budget-cutting would revamp the social contract between Medicare recipients and the government. Obama may say on Wednesday how far he'll go on Medicare reform.