The Daily Caller

The Daily Caller

Social Security revenue unexpectedly jumps, however payouts at an all time high - BI

| InternAdmin
Congress Payroll Tax.JPEG

Inflation and 10,000 new people a day getting SS checks are causing costs to soar

U.S. deficit estimated at $1.3 trillion this year, CBO says - Bloomberg

| Kells Hetherington
CBO Deficit Report

The U.S. budget deficit is projected to be $1.3 trillion in the year ending Sept. 30, down from $1.4 trillion forecast in April, because of curbs on federal spending and increased income-tax collections, the Congressional Budget Office said

CBO: Budget deficit to hit $1.28T, down slightly - AP

| admin

Budget deficits will total nearly $3.5 trillion over the next decade

The end of the dollar bill? High cotton prices could force $1 coin - TIME

| Steven Nelson (admin)

In 2010, the cost of making one bill was 50% more than it had been in 2008

Obama budget promises $1.1 trillion in deficit reduction over next decade - AP

| admin

President Obama will send Congress on Monday a budget that will promise to freeze many domestic programs for the next five years

Starting from scratch: Chambliss says deficit tackling bill will begin by axing all tax loopholes - TheDC

| Jon Ward

Senator says new bipartisan bill will require amendments to original bill for any deductions

House GOP freshman push for fast spending cuts - TheDC

| Jon Ward

House GOP freshmen to hold leadership to $100 billion in immediate cuts

CBO: This year's budget deficit to hit record $1.5T - AP

| admin

The eye-popping numbers mean the government will continue to borrow 40 cents for every dollar it spends

Sessions, eager to fight Obama on spending, looks to Gingrich as model - TheDC

| Jon Ward

Sen. Jeff Sessions says the GOP should fight Obama on spending the same way that Newt Gingrich fought Bill Clinton

YouCut First, Obama - TheDC

| Jon Ward

Cantor promises spending cuts, but indicates GOP may wait for Obama’s proposals

November federal budget deficit highest on record - AP

| admin

The Treasury Department says November’s budget gap was 25 percent more than the deficit in November 2009

DeMint comes out against tax deal - TheDC

| Jon Ward

Sen. Jim DeMint says tax bill increases the deficit so GOP must do ‘better than this’

Obama panel fails to pass debt plan, declares success anyway - TheDC

| Jon Ward

President Obama’s debt commission gained bipartisan support but fell short of the 14 votes needed to pass the their plan

Deficit roadmap already plotted in three major debt plans - TheDC

| Jon Ward

Final debt commission vote anti-climactic, as three plans released already lay out way forward

It's Going to Be a 'Bloodbath' - TheDC

| Jon Ward

Debt commission co-chair says upcoming debt limit fight ‘will prove who’s a hero and who’s a jerk’

Off a cliff: Live-blogging Obama's fiscal commission - The Daily Caller

| Jon Ward

Senior Reporter Jon Ward will be keeping track of the first meeting today of President Obama’s fiscal commission

Detroit mayor shaves $101M from 2010-11 budget - Detroit Free Press

| interns

Detroit was facing a $330-million accumulated budget deficit, the mayor said, but with the sale of $250 million in fiscal stabilization bonds, the deficit has been reduced to $85 million

CB-Oh no - THE HILL

| interns

Fundamental changes to the federal budget will be needed to rein in unsustainable deficits, Congress’s budget watchdog said Thursday

More rats for New York City - MY FOX NEW YORK

| interns

Budget cuts could mean more rats for New York City. The New York City Department of Health and Mental Hygiene is slashing the number of pest control aides in an effort to save $1.5 million