Mar 25 Democrats Plan to Cut Billions From Obama’s Budget Request By Admin, PBS News Hour In budget blueprints they plan to formally release Wednesday, House and Senate Democrats said they plan to cut billions from President Obama's spending request while preserving some of his most significant domestic programs. Continue reading
Mar 24 With Budget Fight Brewing, Obama Defends Economic Recovery Plan By PBS News Hour In his continuing public campaign of interviews and speeches, President Obama pledged Tuesday to fight for spending initiatives in his $3.6 trillion budget and defended efforts to stabilize the faltering economy. Continue reading
Mar 20 Bleak Deficit Numbers Projected Under Obama’s Budget Plan By Admin, PBS News Hour The Congressional Budget Office released figures Friday forecasting that President Barack Obama's budget will produce $9.3 trillion worth of red ink over 2010-2019 and that the deficit for this fiscal year will rise to a record $1.8 trillion. Continue reading
Mar 19 Concerns Emerge on Prevention of Stimulus Fraud By Admin, PBS News Hour Hoping to cement a strategy that protects the $787 billion stimulus bill from waste and fraud, state and federal officials testified before the Committee on Oversight and Government Reform Thursday about how to track and prevent wasteful spending. Continue reading
Mar 11 Watch Banking Plan Aims to Combine Public, Private Funds Treasury Secretary Timothy Geithner has said he is working on a plan to remove so-called "toxic" assets from banks by having the government partner with private investors to create special funds. Analysts discuss the pros and cons of the strategy. Continue watching
Mar 06 Does Negative News Contribute to the Downturn? Question: I would love to see you do a story on the impact of media coverage on the recession. Over the last two years, there has been a steady drumbeat of “the recession is coming, the recession is coming!” Is… Continue reading
Mar 04 Watch Napolitano Outlines Plan to Trim Spending, Secure Border Homeland Security Secretary Janet Napolitano outlines her agency's plan to trim spending and reacts to concerns over the rising tide of drug violence along the U.S.-Mexico border. Continue watching
Feb 27 Economy Shrank 6.2% at End of 2008, Fastest Since 1982 By Admin, PBS News Hour The U.S. economy contracted at a sharp 6.2 percent pace at the close of 2008, its worst showing since 1982, as exports plunged and consumers and businesses cut back spending. Continue reading
Feb 26 Watch President Plans Major Overhaul of Tax, Spending Systems President Obama's budget plan outlines large-scale changes in tax policy, calling for $318 billion of tax increases over the next 10 years for the wealthiest individuals and families combined with tax cuts for the middle class. Analysts discuss the impact… Continue watching
Feb 26 Watch Orszag Outlines Policy Priorities in Budget Blueprint White House Budget Director Peter Orszag details the new $3.5 trillion budget plan, explaining how the Obama administration will balance policy priorities and an anticipated $1.75 trillion deficit. Continue watching