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National Federal deficit

Republicans attempt to take back debt ceiling deal by spending more on defense

Last August the United States government came to the brink of default as Republicans and Democrats fought over a deal to raise the debt ceiling. A...
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Unemployment benefits, payroll tax cut extensions planned

The house of Representatives is preparing to put through legislative bills that would renew certain unemployment benefits and payroll tax breaks...
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How the Super Committee's failure may reduce the deficit more

Today many politicians, pundits, and everyday Americans are bemoaning the failure of the Super Committee to reach an agreement to reduce the...
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Why the Super Committee failed

According to a report from Reuters the co-chairs of the deficit Super Committee are set to announce a failure to reach any agreement to avoid the ...
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Republicans refuse to budge on taxes, almost ensuring ‘trigger’ in debt deal

  • Debt Deal Trigger
  • November 2, 2011
The clock is ticking on the congressional “super committee” tasked with creating a new debt deal before the Thanksgiving recess, and...
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Ron Paul to propose $1 Trillion in Spending cuts to include eliminating agencies

On October 17th, Congressman and Presidential candidate Ron Paul will be announcing a new budget cutting plan which will include the elimination of...
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Military service members may suffer from lack of compromise in Washington

The stage is already being set for another big fight in Washington D.C. between President Obama and the Republicans in Congress. House Majority...
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Poll shows Americans care more about economy and jobs than deficits

Judging by the actions of the Congress and the White House, one would think that Americans are obsessed with the deficit and willing to sacrifice...
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"Pull off the bandaid. Eat our peas:" Presidential quote of the week

President Barack Obama, in a press conference on Monday, said that it's time to "Pull off the bandaid. Eat our peas." The U.S....
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Republicans never demanded spending cuts to raise the debt ceiling under Bush

Congressional Republicans are currently taking a hardline stance with the White House and Democratic leaders in the negotiations over the debt...
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