Last Minute News Topics » deficit

Bernanke urges caution in sharp deficit cutting (AP)

admin — Thu, 02 Feb 2012 16:29:42 +0000

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.

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Study: Gingrich tax plan would worsen deficit (AP)

admin — Tue, 13 Dec 2011 03:51:16 +0000

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.

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Bush tax cut debate dooms deal to cut deficit (AP)

admin — Tue, 22 Nov 2011 09:15:21 +0000

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.

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‘Super committee’ fails to reach deal on deficit

admin — Tue, 22 Nov 2011 00:36:42 +0000

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.

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Panel set to fail to cut deficit $1.2 trillion (AP)

admin — Mon, 21 Nov 2011 20:54:59 +0000

AP – The imminent collapse of a special deficit-reduction supercommittee on Monday promises to set off yet another round of the Washington blame game as the panel officially admits failure in its quest to sop up at least $1.2 trillion in government red ink over the coming decade.

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Debt supercommittee to announce failure to strike deal on deficit on Monday: report

admin — Sun, 20 Nov 2011 16:31:43 +0000

The Congressional supercommittee charged with cutting the government’s crushing $15 trillion debt is set to admit failure on Monday, according to Politico.

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Deficit deal failure would pose crummy choice (AP)

admin — Sat, 19 Nov 2011 23:14:42 +0000

AP – If the deficit-cutting supercommittee fails, Congress will face a crummy choice. Lawmakers can allow payroll tax cuts and jobless aid for millions to expire or they extend them and increase the nation’s $15 trillion debt by at least $160 billion.

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Deficit gridlock looms, supercommittee deadlocked (AP)

admin — Fri, 18 Nov 2011 22:36:22 +0000

AP – Deadline nearing, the deficit-reduction talks in Congress sank toward gridlock Friday after supercommittee Democrats rejected a late Republican offer that included next-to-nothing in new tax revenue. Each side maneuvered to blame the other for a looming stalemate.

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Official: Dems reject latest GOP deficit offer (AP)

admin — Fri, 18 Nov 2011 21:22:47 +0000

AP – A congressional official says Democrats on the deficit-cutting supercommittee have rejected a last-ditch offer from the Republicans that would curb deficits by $545 billion over the next decade.

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Boehner calls GOP deficit plan a ‘fair offer’ (AP)

admin — Tue, 15 Nov 2011 19:17:43 +0000

AP – The top Republican in the House says a recent proposal by GOP members of a special deficit committee is a “fair offer” despite criticism from conservatives who say it breaks the party’s pledge on taxes.

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