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November 21, 2008 8:53:19 PM CST


OMB

OMB news stories

3 Stories

Improved Deficit Can't Last

US faces huge future budget crunch

(Newser) - 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 »

More about:  budget deficit national debt deficit OMB

White House Budget Director Will Step Down

Surprise departure precedes expected battle over spending

(Newser) - The White House budget director will leave his post this summer after just over a year in office. Rob Portman departs the OMB at an awkward time, with Congress gearing up for a bruising fight over next year's federal budget. He enjoys bipartisan support that his successor, onetime Iowa congressman Jim Nussle, can't count on, the Washington Post reports. More »

More about:  White House budget Steny Hoyer Rob Portman OMB

Swift Boater Gets Recess Appointment

Bush slips three controversial conservatives past Senate

(Newser) - President Bush doled out three major recess appointments yesterday to  conservatives Democrats found distasteful. Ambassador to Belgium went to Sam Fox, a top-tier donor to Republican causes including Swift Boat Veterans for Truth, the 527 that sank John Kerry’s shot at the White House. More »

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