President Barack Obama hasn't given up on getting congressional leaders to accept a $4 trillion debt reduction deal that Republicans have rejected for its tax increases and Democrats dislike for its cuts to programs for seniors and the poor, administration officials said hours before talks resumed Sunday.
Showing posts with label Federal Deficit. Show all posts
Showing posts with label Federal Deficit. Show all posts
Sunday, July 10, 2011
Friday, May 13, 2011
Medicare, Social Security to exhaust funds sooner, report finds
Two of the government's most popular programs for the elderly, Medicare and Social Security, will run out of money sooner than thought earlier as a slow-growing economy saps revenues, a report on Friday said.
Tuesday, May 10, 2011
Yet Another Signal That the US has too much Debt
If your like me, then you've had more than enough of your time reading headlines about the US's debt. True, we do have more than 14 trillion dollars of debt and it's going up every second, but how much is that really. Well, 14 trillion dollars can also be written as $14, 000, 000, 000, 000.00. Mind you, that's going up every second. For more optimism, keep reading this post.
Sunday, April 3, 2011
GOP Budget Plan to Cut More Than $4 Trillion
According to a USA Today article written by Kevin McCoy, the House Republican who's writing a proposed 2012 federal budget said Sunday that the plan would cut more than $4 trillion in Washington spending over the next 10 years.
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