Government budget deficit

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)

Moody’s pressures Congress to deal with deficit

WASHINGTON (AP) — Moody’s Investors Service says Congress must go beyond its deal this week and come up with a plan to shrink the budget deficit if it wants to keep the U.S. government’s top credit rating.

01/02/2013

Obama taxes

Poll shows support for raising taxes on the rich

WASHINGTON (AP) – An AP-GfK poll shows there’s clear support for President Barack Obama’s insistence on raising taxes on the highest-income Americans.

12/05/2012

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

Cities dispute redevelopment money sought by state

(AP) – Gov. Jerry Brown’s finance department says 27 local governments have failed to pay or have underpaid the state after the governor tried to sweep up billions of dollars from community redevelopment agencies that […]

08/17/2012

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