Posts Tagged ‘deficit’
CBO: Deficit estimate for 2012 hiked to $1.2T
A new estimate from congressional economists says the government will run a $1.2 trillion deficit for the budget year ending just a few weeks before Election Day. It would be the fourth straight year of trillion dollar-plus deficits.
View full post on Yahoo! News – Top Stories
Gov’t on pace for $1T deficit despite January dip (AP)
AP – The federal deficit was lower through the first four months of the budget year than the same period last year. Still, the deficit is expected to top $1 trillion for the fourth year in a row, putting more pressure on Congress and President Barack Obama in an election year.
View full post on Yahoo! News: Top Stories
Budget deficit drops to $27 billion in January (AP)
AP – The budget deficit fell sharply in January compared to a year earlier, as an improving economy lifts income tax revenue.
View full post on Yahoo! News: Top Stories
Bernanke urges caution in sharp deficit cutting (AP)
AP – Ben Bernanke is urging lawmakers to balance their desire to cut deficits with policies that could help boost the weak economy in the short run.
View full post on Yahoo! News: Top Stories
Study: Gingrich tax plan would worsen deficit (AP)
AP – The tax plan by GOP presidential hopeful Newt Gingrich would provide big tax breaks to the rich and blow a huge hole in the federal budget deficit, according to an independent study released Monday.
View full post on Yahoo! News: Top Stories
Bush tax cut debate dooms deal to cut deficit (AP)
AP – A long-running war between Democrats and Republicans over Bush-era tax cuts doomed the debt supercommittee’s chances of reaching a deal. Efforts to overhaul the tax code may await the same fate as both parties gear up to make taxes a central issue in 2012 elections.
View full post on Yahoo! News: Top Stories
‘Super committee’ fails to reach deal on deficit
The Congressional “super committee” made the worst-kept secret in Washington official Monday, admitting it’s a super-bust and can’t agree on how to lower the crushing federal deficit.
View full post on NYDN Rss Article only
