Drowning in Debt: What the Nation's Budget Woes Mean for You Economists Predict Cutbacks, Tax Increases That 'Aren't Even Imaginable' By DEVIN DWYER WASHINGTON, Feb. 17, 2010— American political and economic leaders have sounded the alarm for yea… more »

 By Amanda J. Reinecker More money for fewer jobs…again In February 2009, President Obama signed into law the $787 billion American Recovery and Reinvestment Act. One year later, the tab for this so-called "stimulus" bill has grown to a staggering $… more »

Washington (CNN) -- President Obama will announce in Wednesday's State of the Union address that he's proposing to save $250 billion by freezing all nonsecurity federal discretionary spending for three years, according to two senior administration offici… more »