Nov 3rd, 2009 - Boston
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WASHINGTON—President Barack Obama's top budget official promised Tuesday that the administration will try next year to wrestle the skyrocketing budget deficit under control to avoid higher interest rates and putting the health of the economy in jeopardy.
But it is an illustration of just how dire the nation's fiscal picture has become that a promise to cut the deficit in half by 2013 would produce a deficit about $200 billion higher than ever recorded by former President George W. Bush.
Related stories:
Palestinian scare tactic in talks with Israel?
Nov 4th, 2009 - MSNBC
RAMALLAH, West Bank - The Palestinians should give up seeking an independent state and pursue a single country in which they would enjoy equal rights with Israelis, the chief Palestinian negotiator in Mideast peace talks said Wednesday.Obama's Half Brother Breaks Silence
Nov 4th, 2009 - AOL News
GUANGZHOU, China (Nov. 4) -- President Barack Obama's half brother has broken his media silence to discuss his new novel — the semi-autobiographical story of an abusive parent patterned on their late father...
Streetcar advocates in Idaho, Ohio and NC fare well election night as critics lose
Nov 4th, 2009 - ChicagoTribune
BOISE, Idaho (AP) - A U.S. streetcar revival fared well in Tuesday's elections, with pro-trolley candidates for mayor in Cincinnati and Charlotte, N.C., winning. A critic of Boise's proposal lost. Streetcars are being considered by as many as 80 U.S...
Streetcar advocates win, critics lose elections
Nov 4th, 2009 - sacbee
BOISE, Idaho -- A U.S. streetcar revival fared well in Tuesday's elections, with pro-trolley candidates for mayor in Cincinnati and Charlotte, N.C., winning. A critic of Boise's proposal lost. Streetcars are being considered by as many as 80 U.S...
Projected us deficits unsustainable: White House
Nov 3rd, 2009 - Reuters
NEW YORK (Reuters) - Projected U.S. budget deficits are too high and could force up interest rates and crowd out investment unless the country takes action, the head of the White House budget office said on Tuesday.
Related videos from YouTube:
1:38Obama Budget Cuts Visualization
How much is the $100 million dollars in budget cuts compared to the federal budget as a whole? This video imagines the budget as $100 in pennies to provide the answer. For more on the budget, mathematics and political visualizations, follow me on Twitter: @PoliticalMath
1:59Obama budget sees soaring deficit
IN THE FIELD: US President Barack Obama's proposed budget, unveiled on Thursday, anticipates an economic contraction of 1.2% in 2009, though his projections were more optimistic than those of the Congressional Budget Office.
0:48Obama Budget - An "Unsustainable Course" - Deficit Spending, Taxing, Borrowing, Bankruptcy
Obama talks about responsibility, accountability, ever expanding deficits and debt, and then says that it is an unsustainable course. He then proceeds to put forward a budget proposal that is irresponsible, has no accountability, and that sets us on an unsustainable course ...
1:32Budget Deficits for Dummies: Or how I learned to stop worrying and love $1.4 trillion
The US budget deficit for fiscal year 2009, which ended in September, was a record-shattering $1.4 trillion, equal to about 10 percent of Gross Domestic Product. In case you're wondering, the previous record had been set in.. ...
