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Budget deficit rises to $120 billion in October

The budget deficit rose in October, the first month of fiscal year 2013, as looming negotiations over expiring tax cuts and imminent spending reductions dominated the post-election political landscape.

Biden: Tax cuts for wealthy have to be part of deficit reduction plan

Vice President Joe Biden said Saturday the Obama administration wouldn't let middle class Americans "carry the whole burden" to break a deadlock over the national debt limit, warning that the Republican approach would only benefit ...

Republicans unveil tax proposal

GOP plan to extend array of tax breaks would raise deficits unless dramatic spending cuts are made.

Senh: This is beyond stupid. They're complaining about the deficit, and they're gonna raise it by extending tax cuts for the rich - people who can more than get by without it.

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