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Tag Archives: deficit

State budget update projects deficits

ALBANY — New York budget officials are projecting a $350 million deficit in this year’s general fund, followed by a deficit ranging from $3 billion to $3.5 billion next year. In the midyear update released Monday, the Division of the ...

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Obama pivots, eyes Medicare changes, tax increases

WASHINGTON, D.C. — President Barack Obama, risking liberal anger and Republican scorn, is turning his attention to the nation's crushing debt with an anti-deficit framework that tackles politically sensitive health care programs while also increasing taxes.

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White House: Obama to lay out spending plan

WASHINGTON, D.C. — President Barack Obama this week will outline a broad plan to reduce the nation's deficit, shifting from immediate budget concerns to the debate over the nation's long-term economic health. Obama is expected to call for cuts to Medicare and Medicaid and tax hikes for the wealthy.

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