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budget deficit

FILE - In this Nov. 3, 2015 file photo, House Speaker Paul Ryan of Wis., left, and Senate Majority Leader Mitch McConnell of Ky. walk on Capitol Hill in Washington. A government report released Tuesday estimates that this year's budget deficit will rise to $544 billion, an increase over prior estimates that can be attributed largely to tax cuts and spending increases passed by Congress last month. (AP Photo/Andrew Harnik, File)
FILE - In this Nov. 3, 2015 file photo, House Speaker Paul Ryan of Wis., left, and Senate Majority Leader Mitch McConnell of Ky. walk on Capitol Hill in Washington. (AP Photo/Andrew Harnik, File)
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Gov’t report: Budget deficit to rise to $544B this year

A government report released Tuesday estimates that this year's budget deficit will rise to $544 billion, an increase over prior estimates that can be attributed largely to tax cuts and spending increases passed by Congress last month. The deficit and debt picture over the long-term has also worsened considerably.

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Keith Hall
FILE - I this Oct. 2, 2009 file photo, Congressional Budget Office Director Keith Hall testifies on Capitol Hill in Washington, Friday, Oct. 2, 2009. (AP Photo/Evan Vucci, File)
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Hill analysts lower 2015 budget deficit forecast to $426B

Providing political ammunition to both parties, Congress' official budget analyst projected Tuesday that this year's federal deficit will drop to $426 billion, the lowest shortfall of Barack Obama's presidency.

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Money
Flickr User Keith Ramsey
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US Government Runs $53M December Surplus

The U.S. government ran a $53.2 billion surplus in December, signaling further improvement in the nation's finances.

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President Barack Obama speaks to workers at the Ford Kansas City Stamping Plant
President Barack Obama speaks to workers at the Ford Kansas City Stamping Plant (Jamie Squire/Getty Images)
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Obama: GOP ‘Holding The Whole Country Hostage’

President Barack Obama says the United States isn't "some banana republic" or a "deadbeat nation." He told workers at a Missouri auto plant, "We don't run out on our tab."

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Category: News Tags: ,
Death by Town Bureaucrats
YouTube
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Budget Shortfalls, Fines, and Fees: Death By Town Bureaucrats [Video]

We haven’t gotten to this point yet, but you can see the storm clouds ‘a gathering. One of the most compelling New Jersey stories in recent days is the growing move by New Jersey towns and cities tomake up for budget shortfalls by imposing charges for emergency services and more onerous, imposing a plethora of fees and fines, forced on the public purely for money...

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National Debt Clock
National Debt Clock (Ramin Talaie, Getty Images)
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Budget Deficit Drops to $27 Billion in January

The budget deficit fell sharply in January compared to a year earlier, as an improving economy lifted income tax revenue.

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