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White House Warns of Economic Consequences of Shutdown
The White House recently issued a statement regarding the potential of a governmental shutdown. The stance of the Obama Administration on the impending governmental shutdown is that the shutdown would threaten the nascent economic recovery exhibited in the US ...
United States (Apr 6th, 11)
Paul Ryan, the Republican Budget, and the Federal Deficit
Last Tuesday, the Republican Chairman of the House Budget Committee, Representative Paul Ryan, released his budget proposal. As was anticipated, the House GOP plan will result in heavy cuts in funding from government services and programs as an attempt to dr...
United States (Apr 5th, 11)
Chairman Bernanke Faces Questions on Inflation
Federal Reserve Chairman Ben Bernanke will deliver his semi-annual report later this week. The Chairman is expected to face extensive questioning over fears surrounding inflation in the US economy in addition to the stubborn unemployment rate. The Republicans...
United States (Feb 28th, 11)
GOP Combines Budget Cuts with Relaxed Regulations, Shutdown Fears Persist
The highly anticipated spending bill from the now GOP-controlled House is coupling budget cuts with relaxed regulations that are intended to comprehensively restrict the Obama administration’s budget for not only the implementation of the health care law...
United States (Feb 19th, 11)
Obama's Budget Proposal to be Formally Introduced Monday
On Monday, the Obama administration is expected to release its second major policy proposal with regard to cultivating economic recovery. This proposal will focus solely on budgetary details for fiscal year 2012. The plan is expected to detail a $1.1 trillion ...
United States (Feb 13th, 11)
The United States Budget Deficit For Fiscal-Year 2011
Keep Adding Zeros And Pretty Soon You’re Talking About Real Money! The Obama administration has issued its budget for the upcoming year, and the numbers are staggering. Unfortunately though, the numbers are not positive, but are record setting in ...
(Feb 1st, 10)