The Budget by the Numbers

Trying to understand the Obama budget for next year without getting lost in a four-volume tome in which trillion is the new billion?

Source: www.nationaljournal.com

Obama official says new budget won't be pain-free

President Barack Obama will send Congress on Monday a $3 trillion-plus budget for 2012 that promises $1.1 trillion in deficit reduction..

Source: http://news.yahoo.com

US deficit soars - $765 billion in 5 months

Lower tax revenue and massive government spending on the bank bailout pushed the federal deficit to $765 billion in the first five months of the budget year, well on its way to hitting the Obama administration's projection of a record annual imbalance of $1.75 trillion....

Read more US deficit soars

Source: www.economictimes.indiatimes.com