Congress, U.s. Deficit | featured news

Obama Debt Commission: Erskine Bowles, Alan Simpson To Chair Panel, Says Obama Official

Determined to have a deficit commission with or without Congress' backing, President Barack Obama plans to announce on Thursday that he is establishing a panel similar to – although weaker than – the one lawmakers rejected.

 

US deficit 'hits record $1.4tn'

US deficit 'hits record $1.4tn'

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

 

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