President Obama has tasked a new commission to target ways to reduce the national debt, projected to hit $1.6 trillion this year. Opponents are concerned the panel could weigh in favor of tax hikes. Judy Woodruff reports interviews the commission…
With mounting debt putting Greece dangerously close to a sovereign default, the country is under increasing pressure from European Union nations to reign in spending. John Sparks of ITN reports.
Rather than send a man back to the moon, President Obama's proposed budget calls for a far less expensive plan of encouraging private companies to build spacecrafts for NASA to rent. But veterans of the space agency's golden years fear…
President Obama proposed a $3.8 trillion budget Monday, a plan that would boost spending for education and increase taxes on the wealthy. But the budget deficit would grow to more than 10 percent of GDP before seeking deficit trims. Gwen…
President Barack Obama and Congressional Republicans sparred over a range of policy issues Friday in a lively -- and rare -- no-holds-barred debate session. After a report on the exchange, Judy Woodruff talks to Rep. Jeb Hensarling, R-Texas, about the…
President Obama prepared to announce a proposal to freeze all non-defense spending over the next three years. Judy Woodruff speaks with the top Democrat and Republican from the Senate Budget Committee for more.
As legislators return to work after the holidays, a troubling picture is emerging in almost every state in the nation. Budget woes and big deficits will mean tough decisions for lawmakers. Jeffrey Brown reports.
By Carolyn O'Hara
As CEOs, labor leaders, and economists gather at the White House Thursday to discuss how to accelerate U.S. job creation, their challenge is tackling double-digit unemployment while keeping the deficit under control.
In other news, a suicide bombing at a police station in Pakistan has killed at least 13 people, and in Iraq a bomber opened fire on a mosque in Tal Afar.
In other news, the Supreme Court took up the separation of church and state in a case involving public lands in California, and two Americans and an Israeli received the Nobel Prize in chemistry.
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