All that hand-wringing over California being the next Greece might not be for nothing. States are starting to report their April tax collections, and several have announced numbers far lower than expected even a few weeks ago, auguring bigger deficits and budget shortfalls for next year. The Wall Street More…
Unnamed administration officials quoted by David Cho of The Washington Post say the federal deficit is lower than the White House’s initial projections. The budget gap for the first six months of the year is eight percent lower than estimated; were the trend to continue, the annual deficit would More…
Health-care reform — an expensive and politically thorny proposition in any environment — could be particularly tough in the face of a plunging economy.
Yet to hear the candidates tell it, the next president will usher in an era of sweeping changes. Both Sens. John McCain and Barack Obama are More…
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