Republicans Blast Obama's Plan to Sell New Deal Icon
Republicans are blasting Obama's plan to consider selling the Tennessee Valley Authority, an icon of the New Deal long targeted by conservatives/
Republicans are blasting Obama's plan to consider selling the Tennessee Valley Authority, an icon of the New Deal long targeted by conservatives/
Treasury chief Jacob Lew, hopeful a budget deal can be reached, tells Congress to consider concessions already made in President Obama's $3.8 trillion spending plan.
Critics of President Obama's budget proposal say he is breaking his promise to protect Social Security and his pledge not to raise taxes on the middle class.
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.
Obama administration officials suggest that the president's 2014 budget proposal, due Wednesday, will feature concrete tax proposals and propose cuts to entitlement spending.
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.
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.
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.
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.
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.
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.












