President

Budget Battles

  • Obama’s Broken Deficit Promise Gives GOP New Ammo

    By Jason Lange and David Lawder, Reuters

    On Monday, three years after pledging to cut the federal deficit by half, Obama conceded that he would not be able to keep it.

  • House Passes Payroll Tax Cut Extension

    By Reuters

    The House of Representatives on Friday passed legislation on Friday extending a tax cut for 160 million workers through December and continuing long-term jobless benefits, handing President Barack...

  • GM Steering a Smart Path to Continued Success

    By Suzanne McGee, The Fiscal Times

    For the first time in more years than most Detroit residents care to remember, General Motors seems to be on top of the world once again. Post-bailout GM seems to have landed on solid ground,...

  • Can Obama's Manufacturing Initiative Really Work?

    By Bruce Bartlett, The Fiscal Times

    For three years, we really have not had a clear idea of Barack Obama’s economic philosophy. Contrary to his Republican critics, he is not a socialist or a mindless big spender and regulator, but...

  • Congress Passes $150 billion Benefit Package

    By PAUL KANE, The Washington Post

    Congressional negotiators put their final signatures late Wednesday on an economic plan worth more than $150 billion that would extend a payroll tax holiday and unemployment benefits.