budget

President Obama released a budget Monday that moves the country a tiny bit closer to sound fiscal ground.

Democrats and Republicans both support extending the payroll tax cut for workers, and they both agree that the cost of the extension should be offset through changes elsewhere in the budget.

On election night in 2010, Republicans were united by one mission: Cutting government spending now.

Our listless recovery has run into a series of obstacles lately -- a double dip in housing prices, dismal job growth, a downbeat consumer, and budget debacles on both sides of the Atlantic.

California lawmakers approved a $86 billion budget late Tuesday that imposes deep spending cuts but does not extend tax hikes.

According to the CBO, the deal to cut this year's budget by $38 billion looks more like $352 million when you do the real math.

As the political battle shifts from the budget to the U.S. debt, banks and other firms weigh contingency plans for a possible government default.

The fiscal year is 162 days old, and the federal government is still operating without a budget. And it doesn't look like one will be arriving anytime soon.

Thursday was the 154th day the federal government has operated without a budget.

Government deficits are the biggest long-term worry of top U.S. economists, according to a survey released Monday.