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The White House

White House seeks to raise debt limit

There's a limit on how much money the federal government can borrow. So the White House is asking Congress to hike up the national debt limit. Nancy Marshall Genzer reports. (11/13/2009)

Veteran medals

New GI Bill victim of its own popularity

A new GI Bill took effect this summer. In commemoration of Veterans Day this coming week, Tess Vigeland takes a look at the new bill, the thousands of people who are affected by it, and the backlog it has created. (11/06/2009)

California State Capitol in Sacramento

Courts are weighing in on budget cuts

A federal judge in California has barred the state from cutting money from an in-home care program for the elderly and disabled. Other states may see their proposed budget cuts rolled back by the courts, too. Jeff Tyler reports. (10/20/2009)

Neil Barofsky, TARP special inspector general

Could we have handled the truth?

A watchdog report on TARP says top officials weren't leveling with the public about the health of big banks when they pitched their bailout plan last year. But what would have been the alternative? Steve Henn reports. (10/05/2009)

The corner of a Social Security card

Social Security left without a boost

Social Security payments usually increase by a small amount each year to adjust for cost of living. But thanks to the recession, those living off the government-issued checks won't be seeing more dollar signs this year. Tamara Keith reports. (08/28/2009)

The Federal Reserve Bank

Fed thinks disclosure is a bad idea

The Federal Reserve Board is trying to head off a court order to reveal, by the end of the month, which banks accepted trillions of dollars worth of emergency loans from the Fed to stay afloat. John Dimsdale reports (08/27/2009)

Alan Auerbach

Filling in the gaps of deficit projections

The 10-year projections of the federal deficit by the Congressional Budget Office and the White House's Office of Management and Budget differ by $2 trillion. Economics and law professor Alan Auerbach explains why they're so far apart. (08/25/2009)

CBO chart on the budget and economic outlook

Forecasts predict deficits in the trillions

The Congressional Budget Office and the White House Office of Management and Budget expect the federal government to add between $7 trillion and $9 trillion to the national debt over the next decade. How accurate can a 10-year projection be? John Dimsdale reports. (08/25/2009)

Tightening the budget

Bad news about the shrinking deficit

The federal government's 2009 projected deficit is expected to drop. But the news isn't all that good. Why? John Dimsdale reports. (08/25/2009)

The corner of a Social Security card

Social Security payments to be frozen

Senior citizens and others who count on income from Social Security most likely won't get a cost-of-living adjustment in 2010 because the recession has put the brakes on inflation. But for many, the cost of living is still going up. Tamara Keith reports. (08/24/2009)

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