Navigator News (Coverage Ranks) Politics63639 Finance 95 Budget (349) Budget Deficit (132) Revenue (1) Finance Related People Barack Obama 43 Arnold Schwarzenegger 22 George W. Bush 18 Timothy Geithner 7 John McCain 7 Bill Clinton 7 Kent Conrad 5 John Boehner 5 Harry Reid 5 Mitch McConnell 4 Ronald Reagan 4 Nancy Pelosi 3 Joseph Biden 3 Robert Gates 2 Gordon Brown 2 Henry Paulson 2 Max Baucus 2 Ben Bernanke 2 Sarah Palin 1 Angela Merkel 1 David Paterson 1 Kevin Rudd 1 Kathleen Sebelius 1 Judd Gregg 1 Nicolas Sarkozy 1 Events Obama Admin. 33 2008 U.S. Recession 24 2009 California Budget Crisis 12 Obama Stimulus Package 11 Global Financial Crisis 10 111th Congress 9 Bush Admin. 4 Taro Aso Admin. 3 110th Congress 3 US Election 2008 3 2008 U.S. Layoff Crisis 2 2008 Japan Recession 1 2005 Hurricane Katrina 1 2008 U.S. Financial Rescue 1 2007-8 Global Inflation 1 2008 Global Oil Crisis 1 American Markets 1 U.S. Markets 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 Tokyo freezes $33 bln spending plan TOKYO (AFP) - Japan's government announced on Friday it would freeze spending of about 33 billion dollars from the previous administration's extra budget as part of its war on waste in the public sector.   Activities:2008 Japan Recession   Source:(AFP)   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 Pennsylvania governor ready to veto budget plan HARRISBURG, Pennsylvania (Reuters) - Pennsylvania Governor Ed Rendell said on Saturday he is ready to veto a bipartisan budget plan proposed by lawmakers to end a 10-week deadlock because it is out of balance and contains cuts to education and healthcare spending.   Nations:U.S.   Source:(Reuters)   2009-09-13 Headlines Federal deficit hits all-time high $1.42 trillion 2009-10-16 Sagging consumer view tempers output optimism 2009-10-16 Tokyo freezes $33 bln spending plan 2009-10-16 Obama seeks G-20 support to repair global economy 2009-09-22 Pennsylvania governor ready to veto budget plan 2009-09-13 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 Calif. Senate passes budget-balancing plan 2009-07-24 California closes budget gap, worries about next 2009-07-24 Arnold Schwarzenegger Shrinks California In Order to Save It 2009-07-21 State budget crunches will slow U.S. economy: study 2009-07-13 Calif. leaders: We're making progress on $26B gap 2009-07-12 Talks intensify over closing Calif.'s $26B deficit 2009-07-11 SEC to call for Calif. IOUs treated as securities 2009-07-09 California declares fiscal emergency over budget 2009-07-01 States without budgets as key deadline passes 2009-07-01 Key Senate panel backs Obama's budget blueprint 2009-03-26 Unified Democrats mirror Obama budget priorities 2009-03-25 House, Senate panels take up revised Obama budget 2009-03-25 Obama defends budget as deficit forecast surges 2009-03-21 Obama makes pitch for budget priorities 2009-03-21 Obama returns to campaign-style tactics for budget 2009-03-20 Health care overhaul may cost about $1.5 trillion 2009-03-17 Obama backs pet projects and signs spending bill 2009-03-11 Obama says will do all necessary to boost economy 2009-03-07 Senate Republicans force delay on spending bill 2009-03-05 Obama takes axe to bloated government spending 2009-03-04 Key Democrats oppose Obama's tax deduction plan 2009-03-04 Obama takes aim at costly defense contracts 2009-03-04 Obama tries to pump up confidence in the economy 2009-03-04 Obama aides to defend budget plan to Congress 2009-03-03 Obama challenges lobbyists to legislative duel 2009-02-28 Combative Obama vows to fight for his budget 2009-02-28 Iraq: Oil prices may drag budget lower 2009-02-28 Obama's budget: huge ambitions, huge obstacles 2009-02-28 Obama budget: Mammoth deficits but headed lower 2009-02-27 Democrats boosting domestic spending atop stimulus 2009-02-25 Official: Obama wants to halve budget deficit 2009-02-21 Obama warns mayors not to waste stimulus money 2009-02-20 California lawmakers break impasse, pass budget 2009-02-20 California Legislature approves budget bill 2009-02-19 California budget talks deadlocked 2009-02-18 Kan. suspends income tax refunds, may miss payroll 2009-02-17 Calif. budget stalemate sets up fiscal calamity 2009-02-17 California to begin layoffs proceedings today 2009-02-17 With no budget, California to cut 20,000 state jobs 2009-02-17 Calif. lawmakers fail to pass budget -- by 1 vote 2009-02-16 California lawmakers fail to pass budget 2009-02-16 Matches Shown: | 1-50 | 51-100 Most-viewed Obama seeks G-20 support to repair global economy 2009-09-22 State lawmakers bet gambling can help with budgets 2009-01-25 States without budgets as key deadline passes 2009-07-01 Calif. lawmakers fail to pass budget -- by 1 vote 2009-02-16 Senate Republicans force delay on spending bill 2009-03-05 Colleges cope as endowments pinch 2009-01-28 Recession reality: U.S. cities, states close for days 2009-08-18 State budget crunches will slow U.S. economy: study 2009-07-13 Talks intensify over closing Calif.'s $26B deficit 2009-07-11 With no budget, California to cut 20,000 state jobs 2009-02-17 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. budget stalemate sets up fiscal calamity 2009-02-17 Kan. suspends income tax refunds, may miss payroll 2009-02-17 Calif. court rejects lawsuit against tax increases 2009-01-08 Will Obama's stimulus work fast enough? 2008-12-24 Pennsylvania governor ready to veto budget plan 2009-09-13 California closes budget gap, worries about next 2009-07-24 Calif. Senate passes budget-balancing plan 2009-07-24 Calif. leaders: We're making progress on $26B gap 2009-07-12 Unified Democrats mirror Obama budget priorities 2009-03-25 California lawmakers break impasse, pass budget 2009-02-20 California budget talks deadlocked 2009-02-18 California budget stalemate continues after talks fail 2009-02-16

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