budget deficit

U.S. Shouldn't Let Europe's Debt Crisis Go to Waste

The bond vigilantes have made their presence known in Greece, Spain, Portugal, Italy and Ireland, forcing up their borrowing costs and making slash budgets. The U.S. needs to act now to ensure it's not next.

Recession Causes Second April U.S. Budget Deficit in 27 Years

The federal government posted an $82.7 billion deficit in April, only the second April deficit in the past 27 years. Normally, the month sees a surplus due to the Apr. 15 tax-filing deadline. But the financial crisis has squeezed tax revenue.

Five Economic Wishes for 2010

If you could wave a magic wand and do whatever it took to fix the U.S. economy, what changes would you make? These five wishes, if granted, would likely result in good things for U.S. investors and the economy for decades to come.

Monthly U.S. Debt Hits a New Record

The federal government's budget deficit totaled $220.9 billion in February 2010, the U.S. Treasury Department said Wednesday. Although a record amount, it was better then analyst expectations, and revenue rose 23% to $107.5 billion -- the first year-over-year monthly revenue increase since April 2008.

U.S. Posts $42.6 Billion Deficit in January

In another encouraging sign for the U.S. economy, the federal government's budget deficit totaled a lower than expected $42.6 billion in January, largely due to the approaching end of fiscal stimulus spending.

A $3.8 Trillion Budget Has More Problems Than Pork

No one can deny that a budget with a $3.83 trillion bottom line has a fair amount of waste embedded in it. But like pornography, art and classic rock, government waste is in the eye of the beholder. The bigger issue is a congressional culture of out-of-control spending.

U.S. Red Ink Drops to $91.8 Billion in December

More signs of economic healing, as the federal government's budget deficit totaled $91.8 billion in December. That's still high, but at least it's down from a $120.3 billion deficit in November.

Will the U.S. Repeat the Great Mistake of 1937?

Critics of the Obama stimulus programs are calling for an end to recession-fighting spending, arguing that it isn't needed anymore. But are these critics repeating the mistake of FDR's opponents in 1937, calling for balanced budgets that could result in a double-dip recession?