U.S. deficit

Debt Hawks, Take Your Own (Virtual) Axe to the Budget

Think you can do better than Congress in coming up with a balanced U.S. budget? Several smartphone apps let you play along with all the fiscal fun happening in Washington. Raise taxes on market speculators? Cut spending on social services? You decide, and these apps will show you the results.

How to Reduce the U.S. Deficit: Sell Some of America's Icons?

Would the U.S. government really consider selling the Hoover Dam, all the gold in Fort Knox, or the naming rights to the Grand Canyon? That may depend on how desperate it is to balance the budget. Here are nine big U.S. assets whose auction could take a real bite out of the deficit.

A Rising Economy Is Pushing Down Treasurys

Doomsayers insist the recent rapid rise in yields signals the nation's creditors finally getting fed up with financing U.S. deficits. But a stronger argument can be made for blaming the better-than-expected economic reports that have been piling up recently.

Greenspan: Deficit Fears Could Trigger Bond Market Crisis

The U.S. must act to rein in its massive budget deficits or face the risk of a bond market crisis, former Fed Chairman Alan Greenspan said Sunday. If deficits begin to frighten the bond market, interest rates will rise, undermining the recovery, and possibly causing a double-dip recession.

2010 U.S. Budget Deficit Comes in Below Expectations

Investors received another sign Friday that the U.S. economy is continuing to heal: The 2010 U.S. budget deficit came in at a smaller-than-predicted $1.29 trillion. Though it was still the second-highest deficit on record, the numbers reflect growth in tax revenues, and thus in the economy.

Is this the Era of an Economically Irrelevant America?

There are people around the world rubbing their hands with glee at America's supposed collapse, pundits who say this nation is so bankrupt that it has become irrelevant. But author, venture capitalist and DailyFinance columnist Peter Cohan says don't write America's obituary just yet.