2010 budget

(Newser) - American intelligence spending hit $80.1 billion, or some 12% of defense spending, for the just-ended fiscal year—more than what was spent on either the Department of Homeland Security ($53 billion) or the Justice Department ($30 billion). It's triple the $26.7 billion that was budgeted in 1998, the...

(Newser) - The federal budget deficit is set to break a trillion dollars for the second year in a row, the Obama administration is set to report today. Officials foresee a deficit of $1.29 trillion for the 2010 budget year that ended Sept. 30, the AP reports, down from last year’...

(Newser) - Barack Obama sent Congress a budget proposal today that would push the deficit to $1.56 trillion—its highest level in history. The budget would raise taxes on the wealthy and freeze spending on a host of government programs, but calls for spending $100 billion on job creation, including tax...

(Newser) - President Obama's proposed budget predicts the national deficit will crest at a record-breaking $1.6 trillion in the current fiscal year, then start to recede in 2011 to $1.3 trillion, a congressional official said today. The new budget, out tomorrow, says deficits over the next decade will average 4....