Congressional Budget Office

(AP Photo)

Late night: Senate Democrats work to pass budget

WASHINGTON (AP) — Senate Democrats neared approval of their first budget proposal in four years on Friday, calling for almost $1 trillion in tax increases over the coming decade while sheltering safety net programs targeted by House Republicans.

03/22/2013

Federal budget deficit

Budget deficit estimated at $845B

WASHINGTON (AP) — A new government report is predicting the budget deficit will drop below $1 trillion for the first time in President Barack Obama’s tenure in office.

02/05/2013

(AP Photo)

Deal will prevent spike in milk prices

WASHINGTON (AP) — A potential doubling of milk prices will be averted as part of the compromise that White House and congressional bargainers reached on wide-ranging legislation to avert the “fiscal cliff,” a leading senator said late Monday.

12/31/2012

After Christmas sale sign

Stores look to week after Christmas for sales

(AP) – Bargain-hungry Americans will need to go on a post-Christmas spending binge to salvage this holiday shopping season as U.S. holiday sales so far this year have been the weakest since 2008, when the nation was in a deep recession.

12/26/2012

President Barack Obama (r) and House Speaker John Boehner. (AP Photo)

US economy could handle short fall over ‘cliff’

WASHINGTON (AP) — The economic threat that’s kept many Americans on edge for months is nearing reality — but here’s why many are optimistic that a brief fall over the cliff wouldn’t derail the economic recovery:

12/26/2012

Hurricane Sandy recovery efforts (AP photo)

Senate Dems offer Sandy disaster aid package

WASHINGTON (AP) – Senate Democrats have quickly cobbled together a $60.4 billion disaster aid package for New York, New Jersey and other states hit by Superstorm Sandy in late October.

12/12/2012

Fiscal Cliff

Highlights of the approaching ‘fiscal cliff’

The “fiscal cliff” is an economy-rattling combination of expiring tax cuts and major across-the-board spending reductions to the Pentagon and domestic programs. Here is a list of what the fiscal cliff includes.

12/02/2012

Report: Extending jobless benefits creates jobs

WASHINGTON (AP) – The Congressional Budget Office says extending the current level of long-term unemployment benefits for another year would add 300,000 jobs to the economy. A report from the nonpartisan office estimates that preserving jobless benefits would cost the government $30 billion.

11/29/2012

US government runs $120 billion October deficit

WASHINGTON (AP) – The federal government started the 2013 budget year with a $120 billion deficit in October, an indication that the nation is on a path to its fifth straight $1 trillion-plus annual deficit. […]

11/13/2012

Congress: Fiscal cliff cuts would mean recession

WASHINGTON (AP) — Austere “fiscal cliff” tax increases and federal spending cuts set for the end of the year would send the economy back into recession and cause a spike in the jobless rate to […]

11/08/2012

Tax penalty to hit nearly 6M uninsured people

WASHINGTON (AP) – Congressional budget analysts are now estimating that nearly 6 million Americans – most of them in the middle class – will have to pay a tax penalty for not getting health insurance […]

09/19/2012

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