Obama budget

How 'Chained CPI' Will Hit Your Pocketbook

Obama's new budget proposal includes changing some key inflation calculations to "chained CPI" -- a controversial shift because of the effect it may have on personal finances.

Fiscal Cliff Calculators: How Much More Will You Owe If We Fall Off?

As the fiscal cliff fight between President Obama and congressional Republicans grows more heated, it's starting to look as if we might fall over the cliff. But what would this mean for your 2013 budget? We've rounded up the best fiscal cliff calculators we could find to help you figure that out.

Obama: Americans Agree with My Approach on Deficit

President Barack Obama, laying down his marker for grueling budget and tax negotiations, said Friday he won't accept any approach to deficit reduction that doesn't ask the wealthy to pay more in taxes.

Obama Sends FY2013 Budget Proposals to Congress

President Barack Obama on Monday sent Congress a new budget that seeks to achieve $4 trillion in deficit reduction over the next decade while at the same time showering billions of dollars of increased spending on areas aimed at giving the economy a quick boost.

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.

Obama's $3.7 Trillion Budget Heads to Congress

With spending cuts and tax hikes on the rich, President Obama says the U.S. will reap $1.1 trillion in deficit savings over the next decade. But his 2012 budget has already been met with harsh criticism by Republicans for not going far enough.

Obama's Plan to Scrap Moon Mission Blasted

President Obama's plan to scrap the Constellation space program designed to send U.S. astronauts to the moon is being blasted by senators from states with heavy space industries. The policy shift reignites questions about the mission of the U.S. space program and the role of private companies in that effort.