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Obama’s $4 trillion budget: Can it accomplish anything?

Obama’s $4 trillion budget: Can it accomplish anything?

President Barack Obama is unwrapping a nearly $4 trillion budget that gives Democrats an election-year playbook for fortifying the economy and bolstering Americans’ incomes. It also underscores how pressure has…

High-profile panel stumbles on trimming deficit

High-profile panel stumbles on trimming deficit

Since the end of World War II, more than a dozen high-profile bipartisan panels have been convened to tackle the nation’s thorniest fiscal problems. Seldom have their recommendations spurred congressional…

Obama tax deal drives up rates

Obama tax deal drives up rates

What the Federal Reserve giveth, Obama taketh away. The U.S. central bank’s $600 billion stimulus plan was supposed to lower interest rates. But President Barack Obama‘s tax deal with Republicans,…

Obama faces voter anger, disappointment

Obama faces voter anger, disappointment

President Barack Obama on Monday said times were still tough for many Americans, as he defended his policies during aggressive questioning after the worst U.S. recession since the 1930s was…

Political spin clouds economic realities

Political spin clouds economic realities

Midterm politics are distorting economic decision-making as leaders of both parties spin rival views of the road ahead, offering visions based on questionable economics. The resulting political angst is leaving…

Even government workers face job losses

Even government workers face job losses

For years, most people who worked for state or local governments accepted a fact of life: Their pay wasn’t great. The job security was. Now that’s gone, too. States and…

Government debt reaches record $13 trillion

Government debt reaches record $13 trillion

US debt has reached 13 trillion dollars for the first time in history, the Treasury Department said Wednesday, stoking a political furor over government spending. Amid vast government outlays designed…

Cashing in Uncle Sam’s IOUs

Cashing in Uncle Sam’s IOUs

The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the…