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SATURDAY, NOVEMBER 7, 2009
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NEWS ABOUT: budget deficit

budget deficit stories: 77 news summaries

1 - 20 of 77 Stories | 1 2 3 4 Next >>

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 Record $1.4T Deficit 
 Imperils Recovery 

Gap dwarfs FY2008 figure, spells trouble for new stimulus plans

Oct 16, 09 6:35 PM CDT
(Newser) - The federal deficit in the fiscal year that ended Sept. 30 was $1.4 trillion, lower than projected but still a record. At 10% of GDP, the figure is the largest since 1945, when the deficit was 21.5% of GDP. The figure made public today coincides with early rumblings... More »

MORE ABOUT:
GDP • budget deficit • economic stimulus package • US gross domestic product • Office of Management and Budget • Obama administration • President Obama • Peter Orszag • White House budget director

noonan to obama:

Enough Already! Stop Trying to Grow Government

We're already too crowded with social problems; no room left

Oct 16, 09 3:45 AM CDT
(Newser) - The Obama administration hasn't just misjudged the national mood by trying to push through health care reform in the middle of a recession, it's misjudged the whole era we're living in, writes Peggy Noonan. This isn't the '30s, when income tax was new and the federal government was still lean,... More »

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health care reform • Max Baucus • budget deficit • Federal government • Peggy Noonan • Obama administration • Paul Ryan

Social Security Faces Grim Forecast for 2010, 2011

Payouts will exceed tax receipts for first time since 1980s

Sep 27, 09 4:40 PM CDT
(AP) - Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next 2 years, the first time that's happened since the 1980s. The deficits—$10 billion in 2010 and $9 billion in... More »

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taxes • retirement • disability • deficit • unemployment • baby boom • Social Security • budget deficit • retirement benefits

ANALYSIS

Obvious Guy to Fix Calif.: Guy Who Broke It?

Despite one ruinous turn as governor, Jerry
Brown is front-runner

Sep 26, 09 5:16 AM CDT
(Newser) - California is a financial mess, hamstrung by some late-1970s leftovers: some ill-considered “low-impact liberalism” and a ballot measure that makes raising taxes nearly impossible. Both came during the governorship of Democrat Jerry Brown, he of the motto “Maybe by avoiding doing things you accomplish quite a lot”—... More »

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California • Arnold Schwarzenegger • Democrat • Jerry Brown • budget deficit • attorney general • gubernatorial races

OPINION



 Obama's Health 
 Speech a Victory 
 for the Center: 
 Brooks 

Highly effective talk knocks down House plan, public option

Sep 11, 09 8:08 AM CDT
(Newser) - President Obama’s health care speech was “the finest speech of his presidency,” writes David Brooks: While rhetorically appeasing liberals, it “subtly staked out ground in the center” to win over moderates, making passage “much more likely,” he opines in the New York Times. Obama... More »

MORE ABOUT:
Congress • health care reform • speech • budget deficit • David Brooks • tort reform • President Obama • public option

OPINION

Don't Fear Debt —Failed Reform Is Scarier

Krugman: We need deficits in a recession; they 'saved the world'

Aug 28, 09 6:19 AM CDT
(Newser) - Paul Krugman isn't surprised that the projected $9 trillion deficit over the next decade is being greeted as a sign of economic apocalypse—and that commentators think it proves health care reform should be scuppered. In fact, he writes in the New York Times, it's good to run a deficit... More »

MORE ABOUT:
debt • deficit • national debt • health care reform • Paul Krugman • federal spending • budget deficit • deficit hawks

(Newser) - Here's the latest eye-popping number produced by the recession: $1.6 trillion. The White House and CBO today projected that figure as this year's deficit, reports the New York Times. While it would be the biggest since World War II, the figure is actually about $260  billion better than anticipated... More »

MORE ABOUT:
deficit • national debt • Congressional Budget Office • budget deficit • Obama administration

Buffett: Cut Our 'Greenback Emissions'

With recovery in sight, Congress should curb deficit spending

Aug 19, 09 7:20 AM CDT
(Newser) - Just as carbon emissions could have a dire effect on the environment, Warren Buffett thinks “greenback emissions” could wreak havoc on the economy, he writes in the New York Times. The government has spent staggering sums to avoid economic disaster, and that was wise. Now, the economy is... More »

MORE ABOUT:
inflation • debt • deficit • budget deficit

(Newser) - Barack Obama doesn’t want anyone to forget his predecessor. “You hand me a $1.3 trillion bill, and then you’re complaining six months later because we haven’t paid it all back,” he griped at a recent town hall. And you can expect him to keep... More »

MORE ABOUT:
Barack Obama • Bush legacy • budget deficit • George W. Bush • political strategy

In US, Gym-Class Injuries
Up 150% in Past Decade

Large class sizes, fewer school nurses may be to blame

Aug 3, 09 4:52 PM CDT
(Newser) - American kids are suffering 150% more injuries in gym class than a decade ago, the AP reports. Over that period, a study found, there has been a renewed emphasis on physical-education class as a way to inculcate students with healthy habits and prevent obesity. But the increase in injuries may... More »

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sports • childhood obesity • school • injury • elementary school • school budget • budget deficit • gym • physical education

DC Deficit Fixer: Print on Both Sides of Paper

$102M in painfully obvious cuts shows how outdated gov't is

Jul 29, 09 10:12 AM CDT
(Newser) - A short while ago, President Obama called on his Cabinet to make budget cuts in their departments totaling $100 million. They came up with $102 million, but some of the cuts were so obvious one wonders why it took a presidential edict to elicit them, the Wall Street Journal notes.... More »

MORE ABOUT:
government spending • bureaucracy • savings • budget deficit • Obama administration • President Obama • big government

 Recession Sparks Efforts 
 to Legalize Pot 

Full-scale regulation and taxation on the table in Calif.

Jul 24, 09 6:06 PM CDT
(Newser) - The recession has given marijuana-legalization advocates an unexpected boost, Time reports, as cash-strapped states are tempted by possible revenues from pot taxes. With an existing medical-marijuana market and cuts to education and health services pending due to a huge budget deficit, California advocates are preparing both legislation and ballot initiatives... More »

MORE ABOUT:
California • Arnold Schwarzenegger • medical marijuana • legislation • recession • marijuana • Oakland • budget deficit • ballot initiative • taxation

(AP) - California's state assembly today approved a plan to close most of its $26 billion budget deficit, sending the package of financial fixes to Gov. Arnold Schwarzenegger, who's expected to sign it by Monday. The Assembly rejected two of the most controversial measures, a plan to take about $1 billion in... More »

MORE ABOUT:
California • Arnold Schwarzenegger • budget deficit • offshore drilling • California State Assembly

Calif. Finally Forges
Budget Deal

Plan calls for
massive cuts to close
$26B budget hole

Jul 21, 09 1:48 AM CDT
(Newser) - After weeks of wrangling, Gov. Arnold Schwarzenegger has made a deal with state lawmakers to close the $26 billion hole in California's budget, the Sacramento Bee reports. Leaders believe the plan—which involves massive spending cuts and borrowing from city governments—is solid enough to secure billions of dollars in... More »

MORE ABOUT:
California • California legislature • Arnold Schwarzenegger • governor • state spending • budget deficit • budget gap

 Poll: Obama Sinks 
 Below 50% on Health Care 

Numbers drop on health care, economy, deficit

Jul 20, 09 11:15 AM CDT
(Newser) - President Obama’s approval rating on health care has dropped from 57% in April to below half for the first time, as resistance heats up, even among Democrats, to the reform bill working its way through Congress, a Washington Post-ABC News poll finds. Some 49% approve and 44% (up from... More »

MORE ABOUT:
health care • poll • health care reform • Washington Post ABC poll • budget deficit • approval ratings • economy • President Obama

(Newser) - California's budget crisis has taken an $813 million toll on its famed UC system, Time reports. The University of California's 10 campuses are attempting to deal with the 20% budget cut by instituting mandatory furloughs for 80% of staff, drastically cutting or even freezing new hires, and increasing tuition by... More »

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California • higher education • UC Berkeley • University of California • college tuition • budget deficit • budget gap • hiring freeze • furlough

 Deal Near on Calif. Budget Gap 


Jul 15, 09 12:27 PM CDT
(Newser) - The California Legislature and Gov. Arnold Schwarzenegger are just steps away from an agreement that would close the state’s $26.3 billion deficit, the Los Angeles Times reports. Talks are expected to conclude today. “I don’t think there is anything that would make negotiations shut down at... More »

MORE ABOUT:
education • California • California legislature • Arnold Schwarzenegger • funding • governor • budget deficit • budget gap • schools

(AP) - Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time. The imbalance is intensifying fears about higher interest rates and inflation; there's also concern about trying to reverse the deficit—by reducing government spending or raising taxes—in the midst of a harsh... More »

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inflation • recession • Treasury Department • budget deficit • financial crisis

(Newser) - Jeb Bush has a pretty dim view of President Obama, but he wouldn’t go so far as to call him names. When Tucker Carlson asks the former Florida governor if Obama is “a socialist” in an interview for Esquire, Bush demurs. “I don't know,” he... More »

MORE ABOUT:
Bush administration • socialism • Republican Party • Jeb Bush • budget deficit • interview • Obama administration • President Obama

OPINION

 Top 5 States of Confusion 


Jul 3, 09 12:14 PM CDT
(Newser) - It’s not easy being an elected official in a time of crisis, but a select few governors are having a particularly tough time. And some of them are even trying to get reelected. Politico looks at the 5 worst-off states:
  • California: No surprise here. The state's issuing
... More »

MORE ABOUT:
California • Arizona • Jon Corzine • New Jersey • New York • Arnold Schwarzenegger • Michigan • recession • unemployment • Jennifer Granholm • state legislature • budget deficit • David Paterson • Jan Brewer

1 - 20 of 77 Stories | 1 2 3 4 Next >>


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