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Budget
Featured Articles
Obama scolds GOP over jobless benefits
By Kara Rowland - The Washington Times
Standing with three laid-off workers in the Rose Garden, President Obama on Monday chastised Senate Republicans for blocking an extension of jobless benefits, justifying the aid as emergency spending that has to be passed quickly. Published July 19, 2010 Comments
Strapped states seek aid
By Liz Sidoti - Associated Press
Governors hamstrung by the sluggish economic rebound in their states are pressing anew for Washington to step up with more help, some say even if it means adding to the nation’s red ink. Published July 10, 2010 Comments
Top Dem says Congress shouldn’t pass budget
By Stephen Dinan - The Washington Times
Congress will not produce a budget this year, House Majority Leader Steny H. Hoyer said Tuesday, though he said Congress should take steps to impose one-year spending limits on itself and begin to lay the groundwork for long-term restraint. Published June 22, 2010 Comments
U.S. on track for another $1 trillion-plus deficit
By Martin Crutsinger, - The Washington Times
The budget deficit through the first eight months of the government’s budget year is running slightly below last year’s record-setting pace. Published June 10, 2010 Comments
Obama seeks modified line-item veto to cut pork
With fear of a Greece-style debt collapse roiling a Congress already balking at new spending, the White House on Monday offered its own solution — a modified line-item veto. Published May 24, 2010 Comments
Recent Articles
Top Obama adviser wants more stimulus spending
By Kara Rowland - The Washington Times
President Obama's top economist, in her final speech before stepping down Friday, urged Congress to "find the will and wisdom" to spend more money to create jobs — even though lawmakers' appetite for new government spending has waned ahead of November's elections.
CBO: U.S. faces slow recovery, near-record deficit
By Stephen Dinan - The Washington Times
With the sluggish economy holding down revenues and the federal government still spending lavishly, the national deficit will hit $1.3 trillion this year — second only to last year's record, Congress's chief scorekeeper said Thursday.
Senate approves jobs bill to stop teacher layoffs
By Andrew Taylor - Associated Press
Legislation long sought by Democrats to save the jobs of 300,000 teachers, police and other public workers passed the Senate on Thursday.
Senate advances new government job stimulus
By Stephen Dinan - The Washington Times
The Senate on Wednesday tossed a taxpayer-funded lifeline to financially strapped states, advancing a bill that would extend parts of last year's stimulus bill to cover more health care costs and fund more state and local government jobs.
Treasury says scaling back borrowing capacity
By Martin Crutsinger - Associated Press
The Treasury Department said Wednesday that it has scaled back its annual borrowing capacity by $232 billion since April and plans further gradual cuts in coming months.
Administration report sees $8B in Medicare savings
By Ricardo Alonso-Zaldivar - Associated Press
The new health overhaul law will start producing savings for Medicare right away, and over time add 12 years of solvency to the program's giant trust fund for inpatient care, the Obama administration says in a report to be released Monday.
Obama signs bill to cut misguided federal payments
By Kara Rowland - The Washington Times
President Obama on Thursday called on federal agencies to crack down on improper payments made by the government, signing into law a new measure he said would reduce waste and fraud by $50 billion by 2012.
Obama overlooks Lew's time as COO
By Jim McElhatton - The Washington Times
When Obama introduced his top budget officer, he praised his work handling finances in the Clinton White House and recently as a deputy secretary - but he forgot to mention the lucrative Wall Street job in between.
Summer of sunny skies for stimulus?
By Stephen Dinan - The Washington Times
Pointing to signs of an economic turnaround, the White House said that stimulus act spending finally has kicked into high gear and, as of June 30, had expanded the economy by up to 3.2 percent and created up to 3.6 million jobs.
Obama nominates Lew as budget director
By ASSOCIATED PRESS - Associated Press
President Obama on Tuesday nominated Deputy Secretary of State Jacob Lew to serve as director of the Office of Management and Budget, a Cabinet-level post that plays a crucial role in shaping how the administration spends the public's money.
Obama picks Lew as budget director
By Stephen Dinan and Kara Rowland - The Washington Times
President Obama on Tuesday tapped as his new budget director Jacob J. "Jack" Lew, the same man who oversaw balanced budgets under President Clinton in the late 1990s.
IMF asks U.S. to cut budget deficits
By Martin Crutsinger - Associated Press
The International Monetary Fund is calling for the United States to make a stronger effort to curb its budget deficits.
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