• Obama-GOP Tax Deal a Quick Reversal on Deficits Friday, 10 Dec 2010 | 6:21 PM ET

    Less than a week after his bipartisan deficit commission offered a package of tough tax hikes and spending cuts to stem the flood of government red ink, the president and Republicans presented a tax plan that would add a whopping $900 billion to the nation's debt over two years.

  • House Budget Panel to Push Tax, Spending Cuts: Ryan Wednesday, 8 Dec 2010 | 5:30 PM ET

    Rep. Paul Ryan (R-Wisc.), the incoming chairman of the House Budget Committee, told CNBC Wednesday that he would push for permanent lower tax rates, "real" spending cuts and entitlement reforms when Republicans take control of the House in January.

  • Bond Vigilantes Could Target US: Roubini Wednesday, 8 Dec 2010 | 7:16 AM ET
    Nouriel Roubini

    Economist Nouriel Roubini on Wednesday voiced concern over  a compromise on extending tax cuts struck by US President Barack Obama and Republican leaders, saying the agreement could expose the US to bond vigilantes who will drive up the price of yields

  • Busch: Bush Tax Cuts: Party Like it's 2001-2003 Tuesday, 7 Dec 2010 | 10:48 AM ET

    The best that can be said about this potential compromise is that the US avoided disaster by averting a massive tax hike during a weak economic recovery.

  • ECONOMY—Liesman Monday, 6 Dec 2010 | 11:22 AM ET
    European Central Bank (ECB) chief Jean-Claude Trichet

    Interest rates are flat, TARP pays for itself and the Euro holds steady.

  • ECONOMY—Bozzo Friday, 3 Dec 2010 | 7:36 AM ET

    Economic growth will be subpar, the jobless rate drifts lower, deflation remains a concern, deficit reduction goes nowhere and heads roll in Washington.

  • Honeywell CEO: Get Behind Deficit Panel—or Else Wednesday, 1 Dec 2010 | 3:55 PM ET
    Honeywell Chairman and CEO Dave Cote

    Deficit commission member and chairman and CEO of Honeywell International, Dave Cote, voiced his support for the  panel’s fiscal austerity plan in a CNBC interview Wednesday.

  • Deficit Commission Members Weigh In Wednesday, 1 Dec 2010 | 2:48 PM ET

    America's "Number 1 domestic problem," the federal deficit, took center stage on Wednesday morning as President Obama's bipartisan deficit commission released its findings. Some members of the 18-member bipartisan deficit commission, appearing on CNBC Wednesday, weighed in with their thoughts. To read the full report,

  • 'Soda Subsidy' Gives Tax Dollars to Beverage Companies Wednesday, 1 Dec 2010 | 10:58 AM ET

    As Congress considers new ways to cut spending, here's one idea health advocates are pushing: prevent people on food stamps from using benefits to buy sweetened sodas.

  • What's 43,000 Pages and 16 Feet Tall? Tuesday, 30 Nov 2010 | 5:01 PM ET

    Trimming the federal budget deficit ultimately means tough choices. And to get an idea just how tough, we printed out the entire federal budget—43,000 pages in all. It stands 16 feet tall. Cutting it down to size will be an enormous task.

  • Deficit Panel to Unveil Plan Wednesday but Vote Friday Tuesday, 30 Nov 2010 | 4:49 PM ET
    National Commission on Fiscal Responsibility and Reform co-chairmen Erskine Bowles, and Alan Simpson.

    A commission to balance the US budget will deliver its final deficit-cutting plan on Wednesday but delay a vote until Friday, reflecting sharp divisions within the bi-partisan panel.

  • Deficit Commission to Cut Marines' Landing Craft Wednesday, 24 Nov 2010 | 8:46 AM ET
    US Capitol Building

    The United States Marine Corps want to spend billions of dollars on a new amphibious landing craft, budget cutters in Washington say that’s simply too much money for a vehicle that Marines may never ride into battle.

  • House surrounded by floodwater

    The National Flood Insurance Program  is one big hurricane away from costing U.S. taxpayers billions of dollars. Experts say unless Congress makes some much needed changes to the program, taxpayers will find themselves footing the bill for another major disaster.

  • Government Pays Farmers to Keep Peanuts in Storage Thursday, 18 Nov 2010 | 11:11 AM ET

    If you grow peanuts in this country, the government will pay you to keep them in storage—instead of selling them—if the price of peanuts falls below a certain target and the farmers decide to forfeit their crop.

  • Many Like Idea of Spending Cuts More Than Reality: Poll Wednesday, 17 Nov 2010 | 6:30 PM ET

    Americans are skeptical that the mid-term elections will produce much change in Washington—and one reason is their own resistance to deep cuts in federal spending and deficits.

  • Currency Fight With China Divides US Businesses Tuesday, 16 Nov 2010 | 8:10 PM ET
    Chinese Yuan and US Dollar

    American businesses that import Chinese goods face higher prices, but exporters are predicting sales growth. The NYT reports.

  • Here's How to Cut the Deficit, But Nobody Will Like It Thursday, 11 Nov 2010 | 9:32 AM ET

    Voters who demanded Washington rein in the nation's spiraling debt are getting a message from President Obama and his deficit commission: It'll hurt.

  • How Would You Start to Reduce the US Deficit? Thursday, 11 Nov 2010 | 7:32 AM ET

    Share your opinion in today's poll.

  • Victories in Hand, Governors Face Vast Deficits Thursday, 4 Nov 2010 | 9:55 AM ET

    When stumping on the campaign trail, the nation's new slate of governors could afford to make sweeping but vague promises about how they'd solve their states' massive looming budget deficits.

  • Decision 2010: Your Money, Your Vote Tuesday, 2 Nov 2010 | 7:15 PM ET

    CNBC gives cutting-edge coverage of the 2010 midterm elections, with analysis that impacts people on both Wall Street and Main Street. Here is the latest analysis from reporters on the  front lines.

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