Navigator News (Coverage Ranks) Politics63639 Finance95 Budget Deficit 132 Budget Deficit Related People Barack Obama 22 George W. Bush 17 Nancy Pelosi 10 John Boehner 9 Arnold Schwarzenegger 8 Bill Clinton 7 Ben Bernanke 6 John McCain 5 Kent Conrad 4 Henry Paulson 4 Charles Grassley 4 Timothy Geithner 3 Mitch McConnell 3 Nicolas Sarkozy 3 Joseph Biden 3 Hillary Clinton 3 Hu Jintao 3 Robert Gates 2 Steny Hoyer 2 Mitt Romney 2 Christopher Dodd 2 Alan Greenspan 2 John Edwards 2 Dick Cheney 2 Angela Merkel 1 Events Bush Admin. 30 2008 U.S. Recession 16 Obama Admin. 15 Obama Stimulus Package 9 American Markets 9 U.S. Markets 9 Global Financial Crisis 7 Second Gulf War 5 Group of Eight 5 US Election 2008 4 2005 Hurricane Katrina 3 2006 U.S. Midterm Election 3 2003 Bush Tax Cuts 3 Iran Nuclear Crisis 2 China-U.S. Trade Ties 2 2009 California Budget Crisis 2 110th Congress 2 2005 Delta Bankruptcy 2 China-U.S. 2 Chinese Currency Dispute 1 111th Congress 1 Taro Aso Admin. 1 2008 U.S. Financial Rescue 1 France Sarkozy Admin. 1 2006 Foley Sex Scandal 1

Federal deficit hits all-time high $1.42 trillion WASHINGTON - The federal budget deficit has surged to an all-time high of $1.42 trillion as the recession caused tax revenues to plunge while the government was spending massive amounts to stabilize the financial system and jump-start the economy.   People:Barack Obama   Activities:Obama Admin. 2008 U.S. Recession   Source:(AP)   2009-10-16 Sagging consumer view tempers output optimism NEW YORK (Reuters) - U.S. consumer sentiment fell unexpectedly this month, tempering optimism inspired by news of a rise in U.S. industrial production in September for a third consecutive month.   Activities:2008 U.S. Recession   2009-10-16 Obama seeks G-20 support to repair global economy WASHINGTON - President Barack Obama says he is determined to go after the "reckless risk-taking" that pushed the global economy into the worst financial crisis since the 1930s, and he is also pushing for countries to promote more balanced growth going forward.   Nations:U.S. China   People:Timothy Geithner Nicolas Sarkozy Gordon Brown Angela Merkel Barack Obama   Activities:Obama Admin.   2009-09-22 Recession reality: U.S. cities, states close for days CHICAGO (Reuters) - Frank Giannola drove nearly 40 miles from Lockport, Illinois, to downtown Chicago on Monday, only to find city hall shuttered for the day.   Nations:U.S.   Activities:2008 U.S. Recession   Source:(Reuters)   2009-08-18 Geithner: Lower deficit key to sustaining recovery WASHINGTON - Treasury Secretary Timothy Geithner says the U.S. must cut the annual federal budget deficit, now more than $1 trillion, for the economy to have a sustained recovery and he's not ruling out new taxes.   People:Timothy Geithner   Activities:2008 U.S. Recession Global Financial Crisis   Source:(AP)   2009-08-02 Headlines Federal deficit hits all-time high $1.42 trillion 2009-10-16 Sagging consumer view tempers output optimism 2009-10-16 Obama seeks G-20 support to repair global economy 2009-09-22 Recession reality: U.S. cities, states close for days 2009-08-18 Geithner: Lower deficit key to sustaining recovery 2009-08-02 Calif. lawmakers pass plan to balance state budget 2009-07-24 Obama defends budget as deficit forecast surges 2009-03-21 Obama says will do all necessary to boost economy 2009-03-07 Obama takes axe to bloated government spending 2009-03-04 Obama takes aim at costly defense contracts 2009-03-04 Obama warns mayors not to waste stimulus money 2009-02-20 California budget talks deadlocked 2009-02-18 California lawmakers fail to pass budget 2009-02-16 California budget deficit spirals towards D-Day 2009-01-29 Democrats: Stimulus plan no quick fix for economy 2009-01-25 Obama stimulus plan not sure bet to heal economy 2009-01-18 Analysis: GOP urging restraint in stimulus debate 2009-01-11 Will Obama's Stimulus Package Work? 2009-01-09 Excerpts from Obama's Economic Speech 2009-01-09 The Great California Fiscal Earthquake 2009-01-09 Obama warns of dire consequences without stimulus 2009-01-08 Obama vows action with US deficit topping one trillion dollars 2009-01-08 Obama taps spending watchdog, eyes Social Security 2009-01-08 Calif. court rejects lawsuit against tax increases 2009-01-08 U.S. budget deficit seen hitting $1.2 trillion 2009-01-07 Will Obama's stimulus work fast enough? 2008-12-24 Russia, China warn of dire economic straits in 2009 2008-12-24 Saudi to slash 2009 spending as budget deficit forecast 2008-12-22 US budget gap balloons 2008-12-11 Indonesia secures five billion dollar emergency loan 2008-12-06 Budget deficit hits record; jobless claims surge 2008-11-13 October budget deficit hits record of $237.2B 2008-11-13 Treasury predicts huge government borrowing needs 2008-10-28 US stares at a $1 trillion deficit. How bad is that? 2008-10-16 Budget deficit in 2008 surges to all-time high 2008-10-14 Sour economy top issue in US presidential race 2008-08-17 Government announces plans to borrow $27 billion 2008-07-30 Eurozone under pressure to improve public finances 2008-05-13 France tries to make figures add up in attack on chronic deficits 2008-04-08 Feb budget gap balloons to record $175.56 bln 2008-03-12 War hits U.S. economy, stalls recovery: Nobel winner 2008-03-03 Governors deal with tough budget times 2008-02-24 Budget deficit running at faster pace 2008-02-12 Bush unveils $3 trillion spending plan 2008-02-04 Bush budget would bring record deficits 2008-02-04 Official: Bush's 2009 budget to be tight 2008-02-01 Bush 2009 budget to freeze many programs 2008-01-31 Poll: Big expectations for new president 2008-01-31 Rising budget deficit may add to Republican woes 2008-01-31 Matches Shown: | 1-50 | 51-100 Most-viewed Obama seeks G-20 support to repair global economy 2009-09-22 Recession reality: U.S. cities, states close for days 2009-08-18 Obama stimulus plan not sure bet to heal economy 2009-01-18 Calif. lawmakers pass plan to balance state budget 2009-07-24 Geithner: Lower deficit key to sustaining recovery 2009-08-02 Calif. court rejects lawsuit against tax increases 2009-01-08 Will Obama's stimulus work fast enough? 2008-12-24 California budget talks deadlocked 2009-02-18 California budget deficit spirals towards D-Day 2009-01-29 Obama warns mayors not to waste stimulus money 2009-02-20 Obama warns of dire consequences without stimulus 2009-01-08 Obama taps spending watchdog, eyes Social Security 2009-01-08 Budget deficit hits record; jobless claims surge 2008-11-13 Budget deficit in 2008 surges to all-time high 2008-10-14 War tax sought as Congress debates Bush budget 2007-02-06 Obama defends budget as deficit forecast surges 2009-03-21 Obama says will do all necessary to boost economy 2009-03-07 Obama takes aim at costly defense contracts 2009-03-04 Democrats: Stimulus plan no quick fix for economy 2009-01-25 Will Obama's Stimulus Package Work? 2009-01-09 Obama vows action with US deficit topping one trillion dollars 2009-01-08 Indonesia secures five billion dollar emergency loan 2008-12-06 Treasury predicts huge government borrowing needs 2008-10-28 John Edwards' big ideas costly 2007-05-11 Dow Ends Down 120, Nasdaq Ends Down 29 2006-05-12

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