Tags » Budget Deficit

White House lowers estimate of US budget deficit to $455B

WASHINGTON (AP) — The White House predicted on Tuesday that this year’s budget deficit will register at $455 billion, less than forecast in February and the lowest yet of Barack Obama’s presidency. 324 more words

National / World

Lessons From A Defeat In Europe

The Troika are celebrating the end of negotiations with Greece, proclaiming that thanks to their tireless efforts the Eurozone remains whole.  And why wouldn’t they celebrate.  4,011 more words


Low-paid British workers brace for more austerity


Thousands of people marched in London in October against falling real wages. © AFP/File / by Alice Ritchie

LONDON (AFP) – Money was already tight for single mother Nicola Marshall and looks set to get tighter in a new austerity drive in Britain that will affect millions of low-paid workers. 589 more words

Greece’s Great Depression

Financial FAQs

This may seem facetious some 6 years into recovery, but many policy makers don’t seem to understand the severity of the Great Recession, or its consequences. 599 more words

Weekly Financial News

Commentary Magazine: Opinion: Jonathan S. Tobin: "The Greek Crisis Echoed in Democrat's Entitlement Stance": America is Not Greece

Commentary Magazine: Opinion: Jonathan S. Tobin: The Greek Crisis Echoed in Democrats Entitlement Stance

To state the obvious, America is not Greece. Greece, a country of eleven-million people, with an economy somewhere around two-hundred-fifty-million people and yet their central government spends about half of its GDP. 346 more words

American Economy