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July 23, 2008 5:02:42 PM CDT

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Stories related to: budget deficit

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8 Stories

  • March 2008

    • NY Swears In New Gov; Paterson Calls for Unity

      newser  |  Times Union (Albany)  |  Mar 17, 08 2:00 PM CDT

      NY Swears In New Gov; Paterson Calls for Unity

      David Paterson was sworn in as New York’s governor this afternoon and gave a speech that mixed humor and solemnity, the Albany Times-Union reports. “I never expected to have the honor of serving as governor,” said New York’s first black governor, who repeatedly stressed the importance of bringing political parties together. More »

      Tags

      New York  • Eliot Spitzer  • doctor  • David Paterson  • Albany  • endowment  • budget deficit

    • McCain Outlines More Specific Fiscal Stance

      newser  |  Wall Street Journal  |  Mar 3, 08 12:45 PM CST

      McCain Outlines More Specific Fiscal Stance

      How would John McCain run the economy, really? In an interview with the Wall Street Journal , the candidate tried to answer that question, positioning himself as a fiscally responsible defender of the Bush tax cuts. But the candidate’s tax proposals don’t quite add up, the Journal notes, and he contradicted his own website’s statements on Social Security. More »

      Tags

      John McCain  • US economy  • McCain 2008  • Social Security  • tax cuts  • budget deficit  • economic plans  • domestic policy  • balanced budget

  • February 2008

    • Bush Legacy of Debt May Stymie Successor

      newser  |  Wall Street Journal  |  Feb 1, 08 8:54 AM CST

      Bush Legacy of Debt May Stymie Successor

      The next president may inherit a US government so deeply in debt it could lose its Triple-A credit rating for the first time since Moody's Investors Service began grading securities 90 years ago, warns the Wall Street Journal . The White House is preparing to unveil a record $3 trillion budget request with a $400 billion deficit, which would saddle President Bush's successor with massive debt at a time when the nation will be struggling with soaring costs for Social Security, Medicare, and Medicaid. More »

      Tags

      George W. Bush  • Social Security  • Medicare  • tax cuts  • Bush legacy  • budget deficit  • Triple-A credit rating  • federal spending

  • January 2008

    • Bush Legacy: US Awash in Ugly Red Ink

      newser  |  Bloomberg  |  Jan 23, 08 5:30 PM CST

      Bush Legacy: US Awash in Ugly Red Ink

      Washington’s sea of red ink is getting deeper as President Bush plans tax cuts and spending bumps to stimulate a foundering economy. Bush's policies have created a fiscal morass that puts his successor, Democrat or Republican, in a deep fiscal hole, and makes delivering on campaign promises difficult, Bloomberg reports. “History will treat him harshly,” one expert said. More »

      Tags

      Bush administration  • economic stimulus package  • Bush legacy  • budget deficit

    • Bernanke Backs Quick Bailout

      newser  |  CNN  |  Jan 17, 08 10:50 AM CST

      Bernanke Backs Quick Bailout

      The country needs a federal stimulus package ASAP, Federal Reserve Chairman Ben Bernanke told the House Budget Committee today, advocating immediate legislation designed “so its effects on aggregate spending are felt as much as possible within the next 12 months.” But he said the package should be “explicitly temporary,” to avoid unwanted long-term stimulus and an undue deficit bulge, CNNMoney reports. More »

      Tags

      Congress  • subprime mortgages  • Federal Reserve  • recession  • Ben Bernanke  • inflation  • economic stimulus  • budget deficit  • House Budget Committee

  • December 2007
  • July 2007

    • Improved Deficit Can't Last

      newser  |  Christian Science Monitor  |  Jul 13, 07 5:24 AM CDT

      Improved Deficit Can't Last

      The federal deficit is falling: The OMB yesterday predicted a $205 billion deficit for 2007, down from last year and half of what it was at the peak in 2004 . But the fiscal good news is not likely to last, the Christian Science Monitor reports. The OMB also predicts the deficit will rise again in 2008 to $258 billion. More »

      Tags

      budget deficit  • deficit  • OMB  • national debt

  • March 2007

    • Greenspan Sees Recession

      newser  |  Yahoo!  |  Mar 6, 07 11:04 AM CST

      Back when bankers and investors hung on his every word, Alan Greenspan was caution itself in public pronouncements . But yesterday the former chairman  took the rare step of predicting the onset of an out-and-out recession. Speaking via satellite to a business conference in Hong Kong, Greenspan said the US. economy has been expanding since 2001, and that the current slow down is probably not a temporary lag but the end of a cycle.                 More »

      Tags

      US economy  • recession  • money  • investing  • Alan Greenspan  • budget deficit

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