budget deficit

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?

Senate OK clears way for Obama budget

Late Thursday night, the U.S. Senate approved President Obama's $3.5 trillion fiscal 2010 budget, and in the process gave the new president much of...