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.


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.


(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.


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.


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:


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.


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.


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.


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. […]


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 […]


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 […]