federal budget

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Obama Budget Relies on Rosy Growth Estimates

(Newser) - President Obama is more optimistic about the nation's economic prospects than most economists, Bloomberg reports. His budget plan forecasts a GDP contraction of 1.2% this year, followed by a 3.2% expansion in 2010. The median forecast of economists calls for a contraction of 2% this year and growth...

Dems Shrug Off Obama's Call to Battle Earmarks
Dems Shrug Off Obama's Call to Battle Earmarks
analysis
Feb 26, 2009 10:40 AM CST

Dems Shrug Off Obama's Call to Battle Earmarks

'Faceless bureaucrats' shouldn't guide funds: Reid

(Newser) - Leading Democratic lawmakers didn't welcome President Obama’s call to jettison budget earmarks, suggesting that as elected officials, they should control where funds are headed, the Hill reports. “We cannot let spending be done by a bunch of nameless, faceless bureaucrats,” Harry Reid said yesterday. Obama pointed to...

Obama Trying to Shift Burden to the Rich
Obama Trying to Shift
Burden to the Rich
analysis
Feb 25, 2009 7:46 PM CST

Obama Trying to Shift Burden to the Rich

(Newser) - As details trickle out about President Obama's budget, one clear picture is emerging—he is dead-set on making the rich pay more, write Jackie Calmes and Robert Pear in the New York Times. In the latest example, he plans to fund half of his health-care reform through tax increases on...

Obama Blasts 'Casual Dishonesty' of Bush Budgets

(Newser) - At a White House “fiscal responsibility summit” today, President Obama opened fire on what he called the Bush administration’s “casual dishonesty” about the federal budget, Politico reports. “Contrary to the prevailing wisdom in Washington these past few years,” Obama said, “we cannot simply spend...

Obama Plans to Slash Deficit by 2013
Obama Plans
to Slash Deficit by 2013
Feb 21, 2009 10:33 PM CST

Obama Plans to Slash Deficit by 2013

Goal hinges on Iraqi withdrawal, letting Bush's tax cuts lapse

(Newser) - Having proved he can get the government to pony up $787 billion to stimulate the economy, President Obama will now attempt to highlight his frugal side. Obama will unveil a budget Thursday that aims to cut the deficit—which could climb to $1.9 trillion in 2009—to $533 million...

Soaring National Debt Takes Backseat to Bailout

Congressional Budget Office says deficit could reach $700 billion this year

(Newser) - There's a strange silence in Washington these days about the federal deficit, the New York Times reports, as the immediate economic crisis trumps worries about adding hundreds of billions in debt. Lawmakers on both sides of the aisle are unusually sanguine about paying for the bank bailouts and another proposed...

Rising Iraq Costs Refuel Debate
Rising Iraq Costs Refuel Debate
Feb 4, 2008 2:59 PM CST

Rising Iraq Costs Refuel Debate

As price to wage war in Iraq climbs, US political opposition may re-emerge

(Newser) - The skyrocketing cost of the war in Iraq—where spending per month has doubled in the last 3 years—could re-energize anti-war sentiment in the next few months, the Wall Street Journal reports. It's likely to be a focus in debate over President Bush’s proposed $3 trillion budget, which...

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