5 Reasons The Deficit Has Fallen By Nearly $5 Trillion (And Why That’s A Bad Thing)

5 Reasons The Deficit Has Fallen By Nearly $5 Trillion (And Why That’s A Bad Thing)

This year's deficit will likely be $514 billion, down about a quarter from last year's deficit of $680 billion, which was down by more than a third from the year before. "Since 20 ...

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Ukraine Needs $35 Billion In Aid To Avert Default, Interim Leaders Say

Ukraine Needs $35 Billion In Aid To Avert Default, Interim Leaders Say

By Carol J. Williams, Los Angeles Times MOSCOW -- Ukraine's interim leaders said Monday that the country will need $35 billion in foreign aid over the next two years to avert defa ...

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5 Examples Of How The GOP’s Deficit Obsession Is Complete B.S.

5 Examples Of How The GOP’s Deficit Obsession Is Complete B.S.

After years of ranting about the deficit, Republicans celebrated the news that it had been cut by almost two-thirds by completely ignoring it and finding some other disingenuous t ...

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Republicans Finalize Hostage Demand, Public Prepares To Blame Them For Default

Republicans Finalize Hostage Demand, Public Prepares To Blame Them For Default

House Republicans have narrowed their debt ceiling strategies to two demands, neither of which have anything to do with actually reducing America's debt. In exchange for a one-yea ...

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Ratings Agency: We Might Downgrade U.S. Credit

Ratings Agency: We Might Downgrade U.S. Credit

Yesterday, the credit ratings agency Moody's Investor Service warned that it will have to review the U.S. government's AAA credit rating and possibly downgrade it, given fears tha ...

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They Have It Worse: Greece Approves More “Brutal” Budget Cuts

They Have It Worse: Greece Approves More “Brutal” Budget Cuts

Having already faced off intense--and violent--public opposition to immense austerity measures, Greeks got another taste today: Greece has approved an austerity bill that helps pu ...

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Newt Gingrich, Man of the People

Newt Gingrich, Man of the People

Newt Gingrich's imploding presidential campaign lost its top two fundraising officials yesterday as The Washington Post revealed that the Republican candidate and his wife had a $ ...

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