Barack Obama, Federal Deficit | featured news

An unusual round of golf won't solve the Republican-Democratic budget battles, but it could lead to better relations between the White House and Congress. The president prefers a laid-back round on a Sunday morning.

The outlines of President Obama’s reelection strategy are becoming more distinct. He’ll bet that the faltering recovery has enough momentum to sell, particularly to college-educated suburban independents. He’ll find a way to cut a deal with Republicans on deficits that doesn’t completely derail the recovery.

President Obama's deficit-reduction plan “falls short” of targets set by House Republicans and Obama's own fiscal commission and would be unlikely to stabilize borrowing, according to a new independent ...

President Barack Obama, two years into a presidency that increased spending to prime a weak economy, is turning his attention to the nation's crushing debt and trying to counter a Republican anti-deficit plan with a framework of his own that tackles politically sensitive health care programs while also increasing taxes....

President Barack Obama is sending Congress a $3.73 trillion spending blueprint that pledges $1.1 trillion in deficit savings over the next decade through spending cuts and tax increases.

The Obama administration's proposed 2012 budget will include $1.1 trillion in spending cuts over 10 years.

President Barack Obama will announce a two-year pay freeze for federal employees Monday, a move White House officials say is the first of many difficult decisions that must be made to reduce the nation's mounting deficit.

The White House has told domestic agencies to assume their budgets will be frozen or even cut by 5 percent as it signals a big push to take on the deficit next year.

President Obama guaranteed Thursday that his health care overhaul will win approval and said any bill he signs will have to reduce rapidly rising costs, protect consumers from insurance abuses and provide affordable choices to the uninsured — while not adding to the federal deficit.

The Obama administration next week will project a federal budget deficit for fiscal 2009 of about $1.58 trillion, slightly less than previously predicted, a senior administration official said.