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federal deficit

News
GAO: Public Debt-to-GDP Ratio to Surpass Historical High Within 15 Years

A Government Accountability Office report obtained by Deltek predicts the ratio of U.S. public debt to gross domestic product to grow and exceed the historical high of 106 percent in 1946 within

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by Jane Edwards
February 9, 2017
Civilian/News
White House to Send Congress Proposed FY 2016 Budget Feb. 2

The White House plans to release its proposed fiscal year 2016 budget to Congress on Feb. 2, The Hill newspaper reported Wednesday. Bernie Becker writes that this would be the first on-time release of

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by Anna Forrester
January 9, 2015
News
CBO Issues Policy Recommendations to Lower Federal Deficit

The Congressional Budget Office has suggested 79 measures the U.S. government could implement to manage debt and spending levels over the next decade. CBO on Thursday published its “Options for Reducing the

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by Mary-Louise Hoffman
November 26, 2014
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Civilian/News
Report: Supercommittee Set to Announce Failure

High hopes that the congressional supercommittee charged with proposing a deficit reduction solution appear to be dashed as Republican and Democratic leaders of the panel are set to announce failure, according to

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by Ross
November 21, 2011
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Civilian/News
Sen. Warner Proposes Fallback Option if Supercommittee Fails

All will not be lost if negotiations go nowhere and the deficit reduction supercommittee fails to reach an agreement, according to Sen. Mark Warner (D-Va.). During an appearance on CNN’s “State of

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by Ross
November 14, 2011
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DoD/News
Panetta Says Budget Decisions to Be Finalized in ‘Coming Weeks’

The Defense Department could wrap up its internal discussions on cutting $260 billion from its budget over the next five years “in the coming weeks,” Defense Secretary Leon Panetta said Thursday. More

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by Ross
November 11, 2011
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Civilian/News
Bernanke Tells Congress: Fed Ready to Do More for Economy

The Federal Reserve System stands ready to take further steps to help aid a fragile U.S. economy, Fed Chairman Ben Bernanke told lawmakers Tuesday. Bernanke made the remarks before the Joint Economic

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by Ross
October 4, 2011
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Civilian/News
Obama Offers Deficit Reduction Plan, Says It Saves $3T Through Tax Hikes

President Barack Obama vowed Monday he would veto any cuts to Medicare unless Congress approves tax increases on the wealthiest Americans. “I will not support any plan that puts all the burden

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by Ross
September 19, 2011
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Civilian/News
Deficit ‘Super Committee’ First Meeting Thursday

The congressional deficit reduction committee, known as the “super committee,” is holding its first public meeting Thursday. Committee co-chairs Sen. Patty Murray (D-Wash.) and Rep. Jeb Hensarling (R-Tex.) said the first meeting

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by Ross
September 8, 2011
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Civilian/News
White House Cuts This Year’s Projected Deficit, Growth Estimates

The Office of Management and Budget released its mid-year review Thursday, lowering this year’s projected deficit to $1.316 trillion, a 20 percent drop from the $1.645 trillion deficit projected in February. According

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by Ross
September 1, 2011
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