News Source: Simi Valley - Moorpark Examiner
| 20 days ago
The Treasury Department now expects to hit the government's debt limit in December, two months later than its initial estimate, after scaling back an emergency loan program as the financial crisis abated. Treasury Department officials said Wednesday...
News Source: The Olympia
| 20 days ago
Bloomberg News • Published November 04, 2009 New York – White House budget director Peter Orszag said the 2010 federal deficit will be little changed from 2009’s record $1.42 trillion, and he pledged to reduce the amount of red ink without...
News Source: Washington Post
| 20 days ago
With the nation's unemployment rate at its highest point in 26 years and projected to rise, the Obama administration is intensifying its search for policies that can stoke job creation without adding significantly to the nation's crippling budget...
News Source: The Hill
| 20 days ago
The speech was made exactly one year before the midterm elections and as many vulnerable centrist Democrats fear voters will respond to the poor economy on Election Day 2010. It also comes after a year of deficit spending, most notably a $787 billion...
News Source: Palm Beach Post
| 21 days ago
President Barack Obama's top budget official promised Tuesday that the administration will try next year to wrestle the skyrocketing budget deficit under control to avoid higher interest rates and putting the health of the economy in jeopardy. But it...
News Source: The Hill
| 21 days ago
Orszag, in a speech in New York, said that deficits, expected to add $9 trillion to the current national debt of $12 trillion over the next decade, are "serious and ultimately unsustainable." Orszag said that deficit spending was necessary to help...