Barack Obama, Budget Deficit | featured news

Obama unveils new budget plan and gets tepid Republican response

Barack Obama

President Barack Obama unveiled his proposed Fiscal Year 2014 budget plan Wednesday in the White House Rose Garden, offering a combination of new spending initiatives and tax increases aimed at creating jobs and reducing future budget deficits. In his remarks, Obama called his plan “a fiscally responsible blueprint for middle-class jobs and growth.”

 

Obama-Republican Budget Battle Isn't Only Taxes and Cuts

The wrangling of President Barack Obama and congressional Republicans over the federal budget underscores a clash of core philosophies about how the economy works that supersedes any skirmish on taxes or spending cuts.

 

Obama to propose "Buffett Tax" on millionaires

Obama to propose

President Barack Obama, in a populist step designed to appeal to voters, will propose a "Buffett Tax" on people making more than $1 million a year as part of his deficit recommendations to Congress on Monday.

 

Report: Obama deficit plan 'falls short' of fiscal commission, House GOP targets

President Obama's deficit-reduction plan “falls short” of targets set by House Republicans and Obama's own fiscal commission and would be unlikely to stabilize borrowing, according to a new independent ...

 

Poll: Taxing the rich favored over Medicare cuts

Poll: Taxing the rich favored over Medicare cuts

Most Americans oppose the big spending cuts that many in Washington see as necessary to bring down the budget deficit, a new poll suggests, but they do support one idea for deficit reduction that President Barack Obama has pushed for years — raising taxes on the rich.

 

Biden may have nodded off during Obama's speech

It looks like the media is about to have some more fun with Vice President Joe Biden. It appears Biden nodded off during part of President Obama's debt reduction speech today, and had the misfortune of being caught on camera ...

 

White House warns on debt limit, says Obama regrets vote

The White House on Monday urged Republicans not to tie an increase in the U.S. debt ceiling to spending cuts and admitted that President Barack Obama's own vote against an increase in 2006 was a "mistake".

 

Budget agreement averts government shutdown

Budget agreement averts government shutdown

With a partial government shutdown just minutes away, President Obama and congressional leaders reached a tentative deal Friday night to cut ...

 

With no budget deal, government shutdown looms

With no budget deal, government shutdown looms

With a midnight deadline looming, the White House and Congress scrambled on Friday to break a budget impasse that threatens to shut down the U.S. government and idle hundreds of thousands of federal workers.

 

No deal yet as possible government shutdown looms

No deal yet as possible government shutdown looms

Struggling to avert a government shutdown, Republicans and Democrats each said Wednesday the other would be to blame if compromise talks on the budget fail to produce an agreement.

 

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