FEDERAL DEFICIT
STAFF BLOG CAPITOL CHATTER Franken urges super committee to spare rural hospitals
Sen. Al Franken worries that the so-called congressional super committee could create super problems for Minnesotas rural hospitals. The Minnesota Democrat sent a letter to leaders of the Joint Selec...
Posted on 11/18/11 at 12:53 PM
House GOP unveils $61 billion spending cut plan 
House Republicans called for cuts in hundreds of programs across the face of government Friday night in a $61 billion savings package toughened at the last minute at the demand of tea party-backed conservatives.
By David Espo , February 11, 2011
Supreme Court to cut costs to fight deficit
Chief Justice John Roberts says the federal judiciary will join Congress and the president next year in cutting costs to reduce the federal deficit.
By Jesse J. Holland , December 31, 2010
Deficit-cutting plan endorsed by Conrad fails to advance to Capitol
President Barack Obama's budget deficit commission failed to garner enough support today to spur quick congressional action on its austere spending blueprint, but the plan will live on because a bipartisan majority on the panel embraced it.
By Andrew Taylor , December 03, 2010
Conrad: U.S. budget solutions are ‘not going to be popular’
Senate Budget Committee Chairman Kent Conrad warned Thursday the solutions necessary to fix the nation’s staggering fiscal problems are “not going to be popular.”
By Kristen M. Daum , November 11, 2010
Conrad may switch to ag committee
Senator cites importance of farm billSen. Kent Conrad, D-N.D., may leave his powerful position as chairman of the Senate Budget Committee to take the chairmanship of the Agriculture Committee. Conrad had indicated his intention to consider the move in conversations inside the beltway earlier in the week. The story was picked up Wednesday by Washington, D.C.-based blog The Hill.
By Chuck Haga and Ryan Johnson , November 11, 2010
- Sen. Kent Conrad, D-N.D.
- WEDNESDAY: Fed deficit panel leaders' plan curbs Social Security, increases gas tax, eliminates earmarks
- Talk about this topic
- Draft proposal - Bipartisan deficit reduction commission appointed by President Obama (PDF)
- Conrad: U.S. budget solutions are ‘not going to be popular’
Government reports $1.3 trillion budget deficit
The Obama administration said today the federal deficit hit a near-record $1.3 trillion for the just-completed budget year.
By Associated Press , October 15, 2010
Conrad part of Obama’s team to curb federal debt
Sen. Kent Conrad, North Dakota’s senior U.S. senator, is one of the 18 members of President Obama’s National Commission on Fiscal Responsibility and Reform.
By Patrick Springer , April 10, 2010
Obama sets up deficit panel without help from Capitol Hill
President Obama said that unless lawmakers put aside partisan differences, the continuing red-ink trend could “hobble our economy.” The federal deficit hit a record $1.4 trillion last year and could grow larger this year as the struggling economy puts a big dent in tax collections.
Last year’s deficit equaled 9.9 percent of GDP, the highest point since World War II, and is projected to climb to 10.6 percent of GDP this year.
By Mark S. Smith , February 18, 2010
Unemployment, baby boomers cut into Social Security surplus
A surge of early retirements and a decline in payroll tax revenue caused by the recession have begun to cut deeply into Social Security’s surplus funding.
By Tony Pugh , February 14, 2010
IN THE MAIL: Don’t pin all recent deficits on Dems
The 110th Congress was elected on Nov. 7, 2006. On Jan. 3, 2007, the new and continuing members of Congress took their oaths of office and settled down to work. The budget in effect on the first day of the session was adopted by the previous Congress, controlled by Republicans, and was the guide for federal spending until Oct. 1, 2007, the end of the government’s fiscal year.
By Tom Potter , February 07, 2010
House faces tough vote on $1.9 trillion more debt
The debt measure set for a House vote today would raise the cap on federal borrowing to $14.3 trillion. That's enough to keep Congress from having to vote again before the November elections on an issue that is feeding a sense among voters that the government is spending too much and putting future generations under a mountain of debt to do it.
By Andrew Taylor , February 04, 2010
Obama unveils $3.83 trillion budget with massive deficits
Much of the spending surge over the past two years reflects the cost of the $787 billion economic stimulus measure that Congress passed in February 2009 to deal with the worst economic downturn since the Great Depression. The surge in the deficits reflects not only the increased spending but also a big drop in tax revenues, reflecting the 7.2 million people who have lost jobs since the recession began and weaker corporate tax receipts.
By Martin Crutsinger , February 03, 2010
Obama budget: Record spending, record deficit
Spelling out painful priorities, President Barack Obama urged Congress on Monday to quickly approve a huge new shot of spending for recession relief and job creation, part of a record $3.8 trillion budget that would boost the deficit beyond any in the nation’s history while only slowly beginning to put Americans back to work.
By Andrew Taylor , February 01, 2010
Obama takes populist tone in fight over jobs
President Barack Obama is shifting his administration’s emphasis to battling unemployment, the scourge that is hurting households nationwide and threatening to inflict heavy losses on Democrats in November’s elections.
By Charles Babington and Jennifer Loven , January 30, 2010
Canada's federal deficit hits $36 billion eight months into fiscal year
Canada's federal deficit isn't near $1 trillion, but officials aren't happy with a projected $56 billion.
By Canadian Press , January 22, 2010
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