Barack Obama, Reducing The Federal Deficit | featured news

Moody's: Obama budget unlikely to be implemented

Moody's: Obama budget unlikely to be implemented

President Barack Obama's deficit reduction plan would be positive for U.S. ratings but chances of its implementation are "extremely low," Moody's Investors Service said on Monday.

 

Citing deficit, Obama to freeze federal worker pay

Citing deficit, Obama to freeze federal worker pay

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.

 

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