budget deficit

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...