October 30, 2013 The U.S. government ran a deficit of $680 billion in the financial year that ended last month — the first time since 2008 the annual shortfall has been under $1 trillion. But as the AP reports, "It's still the fifth-largest deficit of all time."
October 25, 2013 The annual Medicare bill is expected to hit $1.1 trillion in 2023. As Medicare spending grows, contributing to the federal deficit, some policymakers have suggested that raising the age of eligibility to 67 could help the budget should be an option.
September 14, 2012 Under orders from Congress, the administration detailed exactly how it would administer painful cuts to both defense and domestic programs that were ordered under last year's budget deal. But the Office of Management and Budget reiterates that the threat of cuts is meant to spur congressional action.
September 20, 2011 A dispute over how much money to give the Federal Emergency Management Agency has Republicans and Democrats at odds again, with a Sept. 30 deadline looming.
September 19, 2011 Clicks vs. the creative. Does the desire to attract online traffic make a writer less creative? As search engine optimization becomes a bigger part of our lives, a weird sort of online peer pressure has emerged.
August 11, 2011 The 12 members of the Debt "Super Committee" are now official, as House Minority Leader Nancy Pelosi named her three appointees Thursday. She chose Reps. James Clyburn of South Carolina, Xavier Becerra of California, and Chris Van Hollen of Maryland. The special panel must create a plan to shave $1.2 trillion off the federal deficit over the next decade.
August 10, 2011 The U.S. budget deficit currently stands at $1.1 trillion through July, says the Treasury Department. That makes 2011 the third consecutive year that the deficit has hit at least $1 trillion.
August 10, 2011 The new "Debt Super Committee" created by the recent deficit ceiling deal now has 9 of its 12 members, as House Speaker John Boehner says Rep. Jeb Hensarling of Texas will co-chair the new committee. He joins Democratic co-chair Sen. Patty Murray of Washington.
August 1, 2011 The House of Representatives has approved legislation to raise the federal debt ceiling and prevent a U.S. default, as the nation nears the end of a bitter standoff. The Senate votes on the measure Tuesday.
April 13, 2011 President Obama laid out a plan for future fiscal policy that would reduce the costs of Medicare rather than transform the program. The proposal would wring savings from spending on pharmaceuticals and encourage the use of generic drugs.
April 13, 2011 Why answer simple questions about the federal budget briefly when long-winded treatises will do. A query about an apparent typo led to a full-throated
April 4, 2011 Today on Talk of the Nation, airline safety and customer satisfaction, one proposal for the budget, Elijah Anderson and The Cosmopolitan Canopy, and NPR'S Mike Pesca previews both the men's and women's NCAA basketball tournament finals.
November 29, 2010 The administration says the move will save "more than $60 billion over the next 10 years."