German tax cut gamble meets wall of scepticism
BERLIN (AFP) - Doubts grew on Monday over the viability of the new German government's choice to rely mostly on tax cuts to boost the ailing economy, a gamble that will send its immense national debt soaring even higher.
People:Nicolas Sarkozy Angela Merkel Activities:2008 Germany Recession Source:(AFP)
2009-10-26
Obama: It's OK to borrow to pay for health care
WASHINGTON - President Barack Obama on Tuesday proposed budget rules that would allow Congress to borrow tens of billions of dollars and put the nation deeper in debt to jump-start the administration's emerging health care overhaul.
Nations:U.S. People:Kent Conrad John Boehner Max Baucus Barack Obama George W. Bush Activities:2009 US Health Reform Obama Admin.
2009-06-09
Obama pledges to slash deficit -- after increase
WASHINGTON - Urging strict future restraint even as current spending soars, President Barack Obama pledged on Monday to dramatically slash the skyrocketing annual budget deficit as he started to dole out the record $787 billion economic stimulus package he signed last week.
Nations:U.S. People:Judd Gregg John Boehner Barack Obama John McCain Activities:Obama Stimulus Package Obama Admin. Source:(AP)
2009-02-23
Official: Obama wants to halve budget deficit
WASHINGTON - Barack Obama wants to cut the federal deficit in half by the end of his first term, mostly by scaling back Iraq war spending, raising taxes on the wealthiest and streamlining government, an administration official said Saturday as the president worked to finalize his first budget request.
People:Barack Obama George W. Bush Activities:Obama Admin. Source:(AP)
2009-02-21
How will the government stimulus plan affect you?
An examination of how the economic stimulus plan will affect Americans.
Nations:Saudi Arabia Activities:Obama Stimulus Package
2009-02-14
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