Nov 3rd, 2009 - Reuters
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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.
The Obama administration reported a record U.S. budget deficit for last fiscal year of $1.4 trillion, or 10 percent of GDP, after it rescued the economy and some of the United States' biggest banks from the worst recession in 70 years.
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Fed to Keep Rates Low for 'Extended Period'
Nov 4th, 2009 - Bloomberg
Nov. 4 (Bloomberg) -- The Federal Reserve restated itsintention to keep interest rates “exceptionally low” for “anextended period” as long as inflation expectations are stableand unemployment fails to decline.Stocks cut gains after Fed
Nov 4th, 2009 - CNNMoney
NEW YORK (CNNMoney.com) -- Stocks trimmed gains Wednesday afternoon after the Federal Reserve kept interest rates unchanged and said it will keep them low for an extended period.
UPDATE 1-No H1N1 vaccine for Guantanamo, White House says
Nov 3rd, 2009 - Reuters
WASHINGTON, Nov 3 (Reuters) - The White House denied onTuesday that any H1N1 flu vaccine is now going to terrorismsuspects held at the Guantanamo Bay Naval Base in Cuba...
Orszag: Administration Looking at Ways to Cut Deficit
Nov 3rd, 2009 - Wall Street Journal
Without providing much in the way of specifics, White House Budget Director Peter Orszag Tuesday said the Obama administration is currently mulling several measures to put the economy on a sustainable...Obama budget dir. pledges deficit action next year
Nov 3rd, 2009 - Boston
WASHINGTON—President Barack Obama's top budget official promised Tuesday that the administration will try next year to wrestle the skyrocketing budget deficit under...
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2:57United States Debt Deficit Breakdown Based On White House Report Congressional Budget Office
This is a Breakdown of the announcement from the White House Budget Office on August 25th, 2009 that they predicted the Federal Government would have a $9000000000000 ($9 Trillion) Dollar Budget Deficit over the next 10 years ...
9:56Ben Bernanke, Marijuana, Flu Vaccines and the Budget Deficit
Links: Gerald Celente Interview: www.youtube.com New medical marijuana enforcement: www.nytimes.com Bernanke: US should cut budget deficit: www.msnbc.msn.com White House steps up attacks on Fox News: www.msnbc.msn.com Swine Flu: www ...
1:27White House Announces Budget Deficit To Top at 1.8 Trillions
From now on, we're borrowing 160 Billions a month...interest rates will rise, Wall Street will fall
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.
