New figures released Friday by the Congressional Budget Office predict the federal budget deficit will hit $1.8 trillion in 2009, billions of dollars more than previous estimates several weeks ago. Kwame Holman reports.
By PBS NewsHour
As the furor continues over millions of dollars in employee bonuses at the failed insurance giant AIG, lawmakers and administration officials in Washington are weighing their options to either block the payments or penalize the company.
Some public transport agencies engaged in a similar kind of financial risk-taking that has caused large banks and companies to fail and contributed to the global financial meltdown. Rick Karr reports in the latest installment of the "Blueprint America" series.
A late winter storm on the East Coast shut down schools, grounded flights and caused hundreds of wrecks, and Ron Kirk, the nominee for U.S. trade representative, has agreed to pay an estimated $10,000 in back taxes.
Syndicated columnists Mark Shields and David Brooks examine President Obama's newly-announced plan to end the combat mission in Iraq and what the president's budget blueprint says about his administration's spending priorities.
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…
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.
President Obama's $3.5 trillion federal budget plan for the fiscal year includes both record spending and deficits for a wide range of programs, including health care, education and bank rescues. Kwame Holman reports.
By Admin, PBS NewsHour
President Obama outlined his first budget plan to Congress with a $1.75 trillion deficit that includes the recently passed stimulus bill, the costs of the wars in Iraq and Afghanistan, funding for health care reforms and other spending.
President Obama announced his third nominee Wednesday for Commerce Secretary, Gary Locke, and met with Treasury Secretary Tim Geithner and Congressional leaders to discuss stronger federal regulations.
Support Provided By: Learn more
Educate your inbox
Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else.