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Obama Budget Fuels Debate Over Path to Slash Deficit
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…
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Lawmakers Wrangle Over Costs of Stimulus Package
Senate Democrats pushed for more votes on an economic stimulus bill Thursday amid efforts to trim the plan's costs. Office of Management and Budget Director Peter Orszag and Sen. Arlen Specter, R-Pa., offer their views.
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President Bush Accuses Congress of ‘Wasteful Spending’ in Earmarks
President Bush criticized Congress on Thursday for including thousands of earmarks -- small projects for which lawmakers target funds -- in its spending bills. Fiscal experts explain how Congress intends to use those earmarks and how they affect the overall…
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