2012 budget

Federal Deficit Tops $1 Trillion for Fourth Straight Year

The federal budget deficit has topped $1 trillion for a fourth straight year. But a modest improvement in economic growth helped narrow the gap by $207 billion compared with last year.

Ryan's Proposed Budget: The Numbers Don't Add Up

U.S. Rep. Paul Ryan promises his proposed 2012 federal budget is the solution to America's money woes. But is the Tea Party favorite's plan based in reality, or does it rely on impossible numbers and fairy tales?

Hocus + Pocus = The 2012 Federal Budget Plan

Like all budgets, the federal government's spending plan is all about revenues and expenditures. Unfortunately, Uncle Sam is very good at grossly overestimating tax receipts and grossly underestimating spending. It's enough to make you wonder if any of it is real.