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Deficits

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  • As GOP Seeks Spending Cuts, Details Are Scarce Wednesday, 20 Oct 2010 | 10:28 AM ET
    "Remember in November" Rally in DC

    If there is a single message unifying Republican candidates this year, it is a call to grab hold of the federal checkbook, slam it closed and begin to slash spending. But while polls show that the Republicans’ message is succeeding politically, Republican candidates and party leaders are offering few specifics about how they would tackle the nation’s $13.7 trillion debt. The NYT reports.

  • A Productive Congress Gets No Respect from Voters Monday, 18 Oct 2010 | 4:33 AM ET

    The public panned it. Republicans obstructed it. Many Democrats fled from it. Even so, the session of Congress now drawing to a close was the most productive in nearly half a century.

  • Value-Added Tax Could Cost 850,000 Jobs: Retail Group Thursday, 14 Oct 2010 | 12:03 AM ET

    The retail industry's trade group said a study it commissioned estimates a European-style VAT would result in the loss of 850,000 jobs in its first year, reduce the gross domestic product for three years, and cut retail spending by $2.5 billion over its first decade.

  • Easing Won't Work As Consumers Won't Spend: Roach Tuesday, 12 Oct 2010 | 4:50 AM ET

    Throwing money at a country in debt will not solve its problems if consumers refuse to spend, said Stephen Roach, non-executive chairman at Morgan Stanley Asia, on why a second round of quantitative easing (QE) from the U.S. Federal Reserve will not work.

  • Digging Down on The 800 Pound Debt Gorilla Monday, 11 Oct 2010 | 8:33 AM ET

    For the first time in living memory, government spending has become a major issue. In the past, Republicans would run against taxes and Democrats against spending cuts, with neither party really running hard against spending. This had the predictable result of lowering taxes, raising spending, and inflating the public debt.

  • Wharton Grads Head to Far East for Jobs Friday, 8 Oct 2010 | 5:08 AM ET

    For graduating MBA students five years ago, the path may have been predictable: accept diploma, sign onto a six-figure income with a major investment banking firm, and begin 18-hour workdays.

  • Shock and Awe: The U.S. Deficit Problem Wednesday, 6 Oct 2010 | 9:38 AM ET

    Earlier this week I was driving my kids to school when I saw a vandalized street sign that was so striking that I had to pull over and take a picture of it.

  • Meredith Whitney on Closing Bell

    Crippling debts and deficits are about to make individual states the next casualty of the credit crisis, analyst Meredith Whitney told CNBC.

  • Senior Hiking

    The co-chairs of President Obama's special commission on cutting the deficit say Social Security is high on the list, so why isn't it front and center in Congressional races?

  • Ideology, Not Economics, May Be At Core of Tax Policy Monday, 27 Sep 2010 | 10:53 AM ET
    Taxes

    For all of the political noise about tax policy, cuts, it is hard to make a convincing case that either cuts or hikes make much of a difference in economic growth or job creation. "I really don't think you can," says one economist.

  • Nouriel Roubini

    The global economy will suffer a "couple of financial crises over the next 10 years" as financial reforms are not going in the right direction and not enough is being done, warned Nouriel Roubini, chairman at Roubini Global Economics.

  • Town Hall Questioner: Obama 'Right Man for the Job' Tuesday, 21 Sep 2010 | 2:43 PM ET

    Velma Hart, who now-famously told President Obama at Monday's Town Hall that she was “deeply disappointed” with his attempts to revive the US economy, said on CNBC Tuesday that Obama is the “right man for the job.”

  • Questions That Obama Didn't Get Asked Monday, 20 Sep 2010 | 3:00 PM ET

    Green energy, getting banks to start lending again and being an advocate for technology jobs—three issues that would have come up during President Obama's CNBC-sponsored town meeting but didn't.

  • President Obama told a town-hall meeting that stimulus measures his administration has taken have "worked" but said they're considering additional incentives to spur hiring.

  • Obama: I Am Not Vilifying Business Monday, 20 Sep 2010 | 1:13 PM ET

    President Barack Obama strongly denied vilifying businesses at CNBC's Town Hall event on Monday.

  • Extending All Tax Cuts: "I Don't Have the Math" Monday, 20 Sep 2010 | 1:09 PM ET

    President Obama repeated his position that tax cuts should be extended for the middle class--"the people whose wages didn't rise"—but not the top earners because doing so would cost $700 billion.

  • CNBC Economic Poll: Complete Results Monday, 20 Sep 2010 | 9:38 AM ET

    An exclusive CNBC poll conducted by Public Opinion Strategies/Hart Research shows two-thirds of those surveyed believe the country is on the wrong track, 49 percent disapprove of the job President Obama is doing, and the number one issue facing the US is the economy and jobs.

  • Obama Needs To Reduce Spending: Sen. Corker Monday, 20 Sep 2010 | 8:55 AM ET
    U.S. Senator Bob Corker (R-TN)

    Washington has a spending problem, not a revenue problem, and most Americans realize the difference, GOP Sen. Bob Corker of Tennessee told CNBC.

  • US Capitol Building with cash

    Americans worried about the economy want to extend Bush tax cuts.

  • Setting the Scene for the Town Hall Live Blog Sunday, 19 Sep 2010 | 11:19 PM ET
    NEWSEUM in Washington, DC.

    For Monday's town hall with President Barack Obama, CNBC's John Harwood and I will be the only reporters in attendance. Let me clarify that just a little.