Congress, Federal Deficit | featured news

Congressional budget experts say a climate and energy bill now stalled in the Senate would reduce the federal deficit by about $19 billion over the next decade, a key selling point for advocates who are struggling to move the bill through ...

The White House and Congressional leaders are weighing options for reducing the federal deficit, including a bipartisan commission that could force tax increases and spending cuts.

The US budget deficit more than tripled to a record $1.4 trillion in the year to 30 September, the US Congress estimates.