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.
The House passed its federal budget bill Friday on a near party-line vote, but both the Senate and the president are working hard to forge a bipartisan alternative.
No, the House will not be repeating Thursday's vote on the budget for fiscal year 2011. Nor is it passing a budget for fiscal year 2012. Friday's vote is more – and less – than that.
Last year, these five metropolitan areas were struggling economically with unemployment above the national average. By February 2011, however, they were among the fastest recovering cities in the United States, most of them with unemployment rates below the national average of 9.5 percent. Here’s a look at these Top 5 fast-recovery cities:
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.
A federal judge last year had struck down as unconstitutional the National Day of Prayer. But on Thursday, a US appeals court ruled that the people who had brought the case lacked legal standing.
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.
How would a President Trump deal with the national debt? He hasn't been asked that too often, but here are some indications. Hint: He blasted Obama's latest speech on the subject.
The GOP plan drawn up by Rep. Paul Ryan would in essence turn Medicare into a voucher program. On Wednesday, Obama outlined his vision, which takes part of the health-care reform law a step further.