United States federal budget

Paul Ryan, US Representative of Wisconsin and House Budget Committee Chairman, holds a copy of the House Budget Committee 2014 Budget Resolution. (AP Photo)

Ryan unveils House GOP budget claiming balance

WASHINGTON (AP) — House Budget Committee Chairman Paul Ryan unveiled an updated Republican budget plan Tuesday that would slash $5.1 trillion in federal spending over coming decade and promises to balance the government’s books with […]

04/01/2014

Copies of President Barack Obama’s proposed fiscal 2015 budget are set out for distribution by Senate Budget Committee Clerk Adam Kamp, center, on Capitol Hill in Washington, Tuesday, March 4, 2014. (AP Photo/J. Scott Applewhite)

Obama 2015 budget focuses on boosting economy

WASHINGTON (AP) — President Barack Obama sent Congress a $3.9 trillion budget Tuesday that would funnel money into road building, education and other economy-bolstering programs, handing Democrats a playbook for their election-year themes of creating […]

03/04/2014

Sen. Lamar Alexander, R-Tenn., left, and Sen. Roy Blunt, R-Mo. return to their offices on Capitol Hill in Washington, Thursday, Jan. 16, 2014.  (AP Photo/J. Scott Applewhite)

Senate easily passes $1.1 trillion spending bill

WASHINGTON (AP) — Congress sent President Barack Obama a $1.1 trillion government-wide spending bill Thursday, easing the harshest effects of last year’s automatic budget cuts after tea party critics chastened by October’s partial shutdown mounted […]

01/16/2014

(AP Photo)

White House says deficit is shrinking

WASHINGTON (AP) — The White House said Monday that the federal budget deficit for the current fiscal year will shrink to $759 billion. That’s more than $200 billion less than the administration predicted just three […]

07/08/2013

(AP Photo)

CBO: Obama budget cuts deficits $1.1T by 2023

WASHINGTON (AP) — President Barack Obama’s budget would trim projected federal deficits by $1.1 trillion over the coming decade, using nearly $6 in higher revenues for every $1 in reduced spending to achieve it, Congress’ […]

05/17/2013

President Obama (AP photo)

Obama plan hits seniors and low-income taxpayers

WASHINGTON (AP) — President Barack Obama’s plan to change the way the government measures inflation would lead to significantly lower Social Security benefits while increasing taxes, mainly on low-income families.

04/05/2013

U.S. Navy Blue Angels (AP Photo)

Thousands flock to Blue Angels’ practice session

PENSACOLA NAVAL AIR STATION, Fla. (AP) — Thousands of fans are worried they will no longer be able to watch the U.S. Navy Blue Angels elite flight demonstration team because of federal budget cuts.

03/27/2013

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

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