Kaine hints of Virginia tax hikes

Sarah Abruzzese

McDonnell disavows move

Virginia Gov. Tim Kaine emerged from a closed-door meeting with his top economic advisers Monday, saying that to offset a projected budget shortfall next year, ...

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• Report: Budget disasters loom in 10 states

  4 PM Judy Lin ASSOCIATED PRESS

  

  A study released Wednesday warns that nine states are barreling toward an economic disaster similar to California's ongoing fiscal crisis, which has been marked by IOUs and budget-busting deficits. Continue reading »

• CBO predicts record $1.6 trillion budget deficit for 2009

  3 PM ASSOCIATED PRESS

  

  The nonpartisan Congressional Budget Office released its budget predictions Tuesday, the same day the White House's Office of Management and Budget released its forecasts. Continue reading »

• Millions face shrinking Social Security checks

  2 PM Stephen Ohlemacher ASSOCIATED PRESS

  

  Millions of older people face shrinking Social Security checks next year, the first time in a generation that payments will not rise. Continue reading »

• White House rejects tax-hike suggestions

  4 AM Jon Ward

  

  The White House on Monday knocked down the prospect of tax hikes on the middle class to help close the growing federal deficit, walking back comments made by two of President Obama's top economic advisers. Continue reading »

• Revenue outlook worst since 1932

  4 AM Stephen Ohlemacher ASSOCIATED PRESS

  The recession is starving the government of tax revenue, just as the president and Congress are piling a major expansion of health care and other programs on the nation's plate and struggling to find money ... Continue reading »