federal deficit

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Obama: No 'Guarantee' of Social Security Checks

Without deficit deal, there may not be enough cash 'in the coffers'

(Newser) - If Democrats and Republicans can’t strike a deficit deal, retirees may not get their Social Security checks early next month, says President Obama. “I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the...

Obama: I Won't Sign Any 'Stop-Gap' Debt Deal

President says budget talks will continue 'every day'

(Newser) - Compromise was the theme of President Obama's press conference today, during which he acknowledged that yesterday's budget talks did not result in a deal—but promised that "we're gonna meet every single day until we get this thing resolved." He insisted that he and "...

Why Are 64 Senators Writing a Letter, Not Laws?

'Odd' missive asks for help supermajority doesn't need: Ezra Klein

(Newser) - There’s something strange about the letter 64 senators have written to Barack Obama, requesting that he support comprehensive debt reduction. The language itself is standard enough, writes Ezra Klein in the Washington Post —but why did a powerful bloc of senators write it, rather than the legislation they...

Sarah Palin: Ax Arts Funding

Part of 'frivolous things' government shouldn't be supporting, she says

(Newser) - Don't expect any big boost in funding for the arts if Sarah Palin ever becomes president. In fact, don't expect any arts funding at all. "NPR, National Endowment for the Arts, National Endowment for the Humanities, all those kind of frivolous things that government shouldn't be in the business...

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