Related Content: federal deficit

Hints of Hope as Deficit Deadline Approaches

On The Radar

Despite sharp divisions within Congress's special deficit-cutting panel, members of both parties say its goal of trimming at least $1.2 trillion from federal deficits over 10 years remains within grasp, and President Barack Obama tried to provide an additional push Friday.

May 14, 1993

Weekly Show

President Clinton declared victory when his economic program to lower the federal deficit passed the House Ways and Means Committee in May 1993. But panelist Gloria Borger predicts political deadlock in the Senate between Democrats and Republicans over Clinton’s desired tax hike—the biggest the country had seen in decades—that proposed to raise taxes on the wealthy and increase the Social Security tax.

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