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.
04/14/2011 05:38 pm
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.
04/14/2011 05:35 pm
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.
04/14/2011 12:56 pm
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.
04/13/2011 07:11 pm
In a speech Wednesday, President Obama is expected to ask for 'shared sacrifice' – cuts and taxes – to rein in the national debt. But the GOP is adamantly against any new taxes.
04/13/2011 01:33 pm
The president has an opportunity to take a liberal stance on reducing the deficit. Will he take it?
04/13/2011 11:03 am
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.
04/12/2011 03:32 pm
President Obama will lay out his 'vision' for deficit reduction Wednesday, a week after the GOP released a 2012 budget proposing big cuts. He is well positioned to occupy the middle ground.
04/11/2011 06:06 pm
Congress and the White House may have resolved one budget crisis. But comments on the Sunday talk shows indicate bigger fights ahead over federal debt and government spending.
04/10/2011 05:52 pm
Illinois Attorney General Lisa Madigan wants to make public all registered firearm owners through the state’s Freedom of Information Act. Opponents say public disclosure could increase crime.
04/10/2011 11:50 am