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US Government Runs $120B October Deficit

The federal government started the 2013 budget year with a $120 billion deficit, an indication that the nation is on a path to its fifth straight $1 trillion-plus deficit.

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Category: TS nat, TS net, TS pol Tags: ,
cash
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Deficit Cutters Eye Pentagon Budget

One war is over, another is winding down amid loud calls to cut the deficit. The military has had robust budgets for more than a decade and now is coming to grips with a new reality — fewer dollars.

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Category: TS nat, TS net Tags: ,
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Obama Predicts Deals on Deficit, Immigration Law

President Barack Obama is predicting he'll reach agreement with lawmakers to reduce the deficit and overhaul immigration law within the first year of a second term if he's re-elected.

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Mark Wilson, Getty Images
Mark Wilson, Getty Images
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Bernanke Urges Caution in Sharp Deficit Cutting

Ben Bernanke is urging lawmakers to balance their desire to cut deficits with policies that could help boost the weak economy in the short run.

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