WASHINGTON — The United States notched up a fourth straight month of declining deficits in July compared with a year ago, according to official data released Wednesday.
Spending cuts in the new deal to slash the US deficit and raise the borrowing ceiling will not have much immediate effect on the economy -- or the deficit itself, analysts said Monday.
WASHINGTON (AFP) – Ratings agency Standard & Poor's has cut the outlook on US sovereign debt to "negative", raising doubts about Washington's ability to tackle its huge debt and fiscal deficits.
SACRAMENTO, California (Reuters) - Californians would overwhelmingly back extending temporary tax increases to help balance the state's budget if asked to in a special election, according to survey results released on Wednesday.
WASHINGTON – President Barack Obama took a stand Wednesday against Wisconsin Republican Gov. Scott Walker's plan to curtail the collective bargaining rights of public employees and force them to pay more for benefits.
WASHINGTON – US President Barack Obama unveiled a $3.73-trillion spending blueprint for 2012 on Monday, including a raft of tax hikes and spending cuts aimed at curbing a record budget deficit.
