Related Content: deficit

Obama’s Deficit Dilemma

On The Radar

President Obama was backstage at an auditorium at George Washington University last April preparing to give a major speech, when William M. Daley, then his chief of staff, spied an unexpected guest in the audience: Representative Paul D. Ryan, the Republican chairman of the House Budget Committee, whose budget plan Mr. Obama was about to shred.

Obama Won't Come Close on Pledge to Halve Deficit, CBO Says

On The Radar

President Obama's pledge to cut the deficit in half by the end of his first term will fall short, according to the latest economic outlook released Tuesday by the non-partisan Congressional Budget Office. The president said in February 2009 that the $1.3 trillion deficit he inherited would be cut in half under his budget blueprint, but according to the CBO, the deficit in 2012 will continue to hover around $1 trillion, and fall to just under $1 trillion next year if current tax laws are extended, as expected.

Shifts at Pentagon Reflect Dual Realities of Different Threats, Tighter Budgets

On The Radar

The Obama administration's high-profile rollout of its new military blueprint for the years ahead was designed to do two very different things: mark a decisive shift away from manpower-heavy counterinsurgencies like Afghanistan and shield the White House from Republican criticism over its plans for significant cuts to the Pentagon budget.
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President Cuts Defense Spending

On The Radar

New strategy relies less on ground troops and more on naval forces, air power. 

Washington’s Year of Drama Leaves Little Done Regarding Debt

On The Radar

Reid Ribble, a Wisconsin roofing contractor-turned-Republican lawmaker, has helped change the way Washington talks about the national debt. That’s not to say he has done much about the debt itself. Nearly a year ago, Ribble and other newly elected House Republicans came to Capitol Hill on a single-minded mission to shove the federal debt to the top of the congressional agenda. They succeeded.

November 25, 2011

Weekly Show

The supercommittee failed to reach a budget deal this week, affecting national politics and the economy. Also, the GOP presidential candidates debated foreign policy, with Newt Gingrich facing new scrutiny on his immigration stance. John Dickerson guest-hosts with: Susan Davis, National Journal; David Wessel, The Wall Street Journal; Dan Balz, The Washington Post; Gloria Borger, CNN.

 

Occupy the Gravy

On The Radar

First, a prayer: May your Thanksgiving gathering be the supercommittee of our dreams, which is to say a happy meeting where everyone gets along despite their ideological differences and divides the pie equitably. We recognize, however, that some families are like the actual supercommittee—and the day may end with one faction pouting to Chris Matthews in the guest room after a political debate.

On payroll tax cut, Obama paints Republicans as hypocritical

On The Radar

With taxes set to rise for nearly every American worker, President Obama sought Tuesday to highlight his tax-cutting bona fides, accusing Republicans of hypocrisy if they do not agree to extend a payroll tax cut that is set to expire in January. Obama’s comments were part of an escalating White House campaign against Republicans that is painting them as defenders of the wealthy at the expense of the middle class.

The President's Agenda

On The Radar

For Alan Krueger, recently confirmed by the Senate to be chairman of the White House Council of Economic Advisers, this is a second tour in the Obama administration. In 2009-10, he served as the Treasury's top economist. Last year he returned to Princeton University, where he is a professor of economics. But President Obama called him back this fall to join his economic team, calling particularly on Mr. Krueger's expertise on labor-market issues at a time of persistently high unemployment.

Fantasies of a Debt Deal From a Convivial Congress

On The Radar

Let’s play Congressional supercommittee! — the fantasy football version. Democratic members, whose forebears created the entitlement programs that senior citizens cherish, really don’t want to cut them. But they fear that fiscal sanity requires it.