Complete coverage on

Federal Deficits

Latest Stories

CNNMoney: Obama budget fails to tackle entitlementsupdated: Tue Feb 14 2012 05:20:00

Independent deficit hawks -- as opposed to the political ones seeking votes -- gave mixed reviews to President Obama's 2013 budget proposal.

CNNMoney: U.S. credit rating faces new scrutinyupdated: Tue Nov 22 2011 09:53:00

The sovereign credit rating of the United States is under review by Fitch Ratings after a Congressional super committee failed to reach agreement on reducing the nation's budget deficit.

If super committee fails, what's next?updated: Tue Nov 22 2011 05:15:00

CNN's Lisa Desjardins reports on what's supposed to happen next If the super committee doesn't reach a deal.

What's next after 'super committee' failure?updated: Tue Nov 22 2011 05:15:00

Uncertainty lingered Tuesday about what the continued fallout would be from the failure of the congressional "super committee" to forge a deficit reduction deal.

'Super committee' fails to reach agreementupdated: Mon Nov 21 2011 22:01:00

President Barack Obama and congressional leaders traded blame Monday for the failure of the congressional "super committee" to forge a deficit reduction deal, but they also called for Congress to work out an agreement before painful automatic budget cuts take place in 2013.

Battle themes emerge for deficit reduction fight in Congressupdated: Mon Sep 19 2011 07:31:00

There is a war going on in Washington, and the politicians waging it can't even agree on what kind it is.

Lower taxes for the rich: Is that fair?updated: Mon Sep 19 2011 07:31:00

GOP Sen. Lindsey Graham says President Obama's plan for a new tax rate for millionaires amounts to "class warfare."

36 senators pledge support for the deficit panel to 'go big'updated: Fri Sep 16 2011 09:41:00

A group of 36 senators from both parties came together Thursday to pledge support for a comprehensive deficit reduction plan, urging the special congressional committee working on the issue to "go big."

Blue Dog Democrats urge the deficit panel to think bigupdated: Wed Sep 14 2011 22:55:00

Calls for a special congressional committee to work out a comprehensive deficit reduction deal increased Wednesday, with a group of fiscally conservative House Democrats sending the panel a letter encouraging its members to "go big."

Deficit commission gets a tighter deadline than expectedupdated: Tue Sep 13 2011 17:22:00

A special congressional committee charged with forging a deficit reduction deal by Thanksgiving has to make final decisions weeks earlier in order to have time to analyze the plan's cost and draft it into legislation, the head of the Congressional Budget Office said Tuesday.

Special deficit committee holds its first meetingupdated: Thu Sep 08 2011 16:46:00

Differing partisan perspectives were on display Thursday as a special congressional committee set up under last month's debt-ceiling agreement held its first meeting to begin forging a long-term deficit reduction plan.

Zakaria: Super committee will deadlockupdated: Thu Aug 25 2011 07:23:00

CNN's Fareed Zakaria predicts the celebrated Joint Select Committee on Deficit Reduction will deadlock.

Co-chairs of special deficit panel issue first statementupdated: Thu Aug 25 2011 07:23:00

President Barack Obama will propose ideas for how the special congressional committee created by the recent debt ceiling deal can reach a deficit reduction plan that exceeds the required $1.5 trillion total, a White House spokesman said Wednesday.

CNNMoney: Big deficit for 2011, but some improvement on tapupdated: Wed Aug 24 2011 11:12:00

The United States is still set to rack up large deficits in the next decade, but not quite as large as previously estimated. At the same time, economic growth is expected to be modest and the unemployment rate is likely to stay high for a few more years.

Obama hits optimistic note at end of Midwest swingupdated: Wed Aug 17 2011 18:54:00

President Barack Obama expressed confidence Wednesday that America will ultimately overcome its current economic woes but once again blamed a dysfunctional, excessively partisan political system for hampering recovery efforts.

Obama's jobs plan: What's taken so long?updated: Wed Aug 17 2011 18:54:00

CNN's Wolf Blitzer talks to President Obama about his current and future plans to spur job creation in the U.S.

CNNMoney: Fitch reaffirms top U.S. credit ratingupdated: Tue Aug 16 2011 10:20:00

Fitch Ratings on Tuesday reaffirmed the United States' AAA credit rating.

Richard Quest on U.S. debt crisisupdated: Mon Aug 08 2011 20:41:00

CNN's Richard Quest reports from Wall Street on impact U.S. economy has on global markets.

CNNMoney: Moody's: Why we're not downgrading U.S. yetupdated: Mon Aug 08 2011 07:02:00

Moody's Investors Service explained Monday why it was sticking with its triple-A bond rating and negative outlook for the United States, setting itself apart from Standard & Poor's, which downgraded the U.S. last week.

A tax strategy that won't hurtupdated: Wed Aug 03 2011 12:05:00

President Obama has signed into law a bill that raises the debt ceiling and cuts spending. Democrats are reeling because revenue increases were not part of the first round of the debt-limit deal. The initial roughly $1 trillion in deficit reduction over 10 years will come entirely from caps on discretionary spending, both defense and domestic.

CNNMoney: S&P, Moody's pass on debt impasse for nowupdated: Wed Jul 27 2011 14:31:00

Rating agency officials declined to rate competing political plans to allow the United States to borrow more and cut deficits during a congressional hearing Wednesday.

Geithner: Default is 'unthinkable'updated: Sun Jul 24 2011 23:06:00

Treasury Secretary Tim Geithner says that President Obama and House Speaker John Boehner are still talking.

Debt-ceiling talks continue as sides pursue dueling plansupdated: Sun Jul 24 2011 23:06:00

After expectations were raised of a possible deal earlier Sunday, weekend talks to resolve the nation's debt-ceiling crisis appeared to reach a new stalemate, as the sides pursued separate plans.

Latest debt talks end with no deal; Obama wants progress reportupdated: Thu Jul 14 2011 22:16:00

After a fifth meeting in five days failed Thursday to achieve a deficit reduction deal, President Barack Obama told top congressional leaders to reach an agreement on the path forward by early Saturday, officials said.

WH: 'U.S. does not default'updated: Thu Jul 14 2011 22:16:00

White House Spokesman Jay Carney says a deal will be reached and the president is adamant the US will not default on debt obligations.

Official: Obama and Boehner met for deficit talks over the weekendupdated: Wed Jul 06 2011 10:26:00

President Barack Obama and House Speaker John Boehner met over the weekend as part of ongoing negotiations on an agreement to reduce the country's deficit, a Republican official told CNN late Tuesday.

Obama invites congressional leaders for deficit talks this weekupdated: Tue Jul 05 2011 18:03:00

President Barack Obama said Tuesday that he invited Democratic and Republican leaders from both chambers of Congress to the White House for a meeting Thursday to discuss deficit reduction and the need to raise the federal debt ceiling.

Obama believes a significant deficit deal is possible this yearupdated: Mon Jun 27 2011 19:00:00

President Barack Obama believes "a significant deal" on deficit reduction remains possible this year so long as Republicans are willing to accept that no one will get everything they want in the negotiations, White House spokesman Jay Carney said Monday.

CNNMoney: Debt ceiling talks: What they really meanupdated: Mon May 09 2011 02:07:00

The formal negotiations over the nation's debt have begun.

Key senator: Revenue increase from tax reform is OKupdated: Mon Apr 25 2011 11:21:00

A leading Senate conservative said Sunday he can accept tax reform that increases overall tax revenue as part of a comprehensive deficit reduction plan.

Obama 'hopeful' about deficit reductionupdated: Fri Apr 22 2011 10:16:00

The president takes his message of deficit reduction and fiscal responsibility to a town hall meeting in Reno, Nevada.

Obama: Deficit reduction must keep alive the American dreamupdated: Thu Apr 21 2011 19:45:00

Over and over Thursday, President Barack Obama told workers at a renewable energy company that he is like them.

CNNMoney: Debt panel chiefs grade Obama's planupdated: Thu Apr 14 2011 17:09:00

Two key players in the debate over how to get the nation's fiscal act together have offered their support for President Obama's plan to bring down deficits.

CNNMoney: Deficit hawks: Not too bad, Mr. Presidentupdated: Thu Apr 14 2011 05:44:00

He may have taken his time to join the brewing debate about how to reduce long-term U.S. debt. But President Obama got some kudos from deficit hawks for the broad debt reduction framework he laid out on Wednesday.

Obama changes tune on debt ceilingupdated: Tue Apr 12 2011 05:45:00

CNN's Anderson Cooper reports on how President Obama's position on increasing the debt ceiling has shifted over time.

Obama, Congress prepare for next round of budget fightsupdated: Tue Apr 12 2011 05:45:00

Partisan warfare over taxes and spending again takes center stage in Washington this week, as Congress considers a budget deal for the remainder of the current fiscal year and President Barack Obama unveils his long-awaited deficit reduction plan.

CNNMoney: Obama's real deficit problem: His tax cutsupdated: Sat Mar 19 2011 08:28:00

President Obama takes a lot of heat from Republicans for supposedly being a big spender. But when it comes to future deficits, the president's problem isn't spending. It's the tax cuts.

'Gang of Six' may solve U.S. debt messupdated: Thu Mar 10 2011 07:55:00

Washington has been preoccupied with the prospect of a federal government shutdown. Protesters from the Tea Party to the pro-union Wisconsin activists disproportionately dominate our debates. We cover the political car crash but not the constructive conversation.

CNNMoney: Economists' biggest worry: Federal budget deficitupdated: Mon Feb 28 2011 05:24:00

Government deficits are the biggest long-term worry of top U.S. economists, according to a survey released Monday.

CNNMoney: Obama budget to cut $1.1 trillion in deficitsupdated: Sun Feb 13 2011 20:28:00

President Obama on Monday will propose a 2012 federal budget that the White House says will cut deficits by $1.1 trillion over 10 years.

CNNMoney: Playing chicken with the debt ceilingupdated: Sat Jan 29 2011 06:50:00

Bond experts to Congress: Turn down the volume on the debt ceiling.

CNNMoney: Deficit cutting shouldn't be main U.S goal - pollupdated: Mon Dec 27 2010 17:01:00

How important is the federal deficit?

Gibbs: The GOP's responsibilityupdated: Mon Dec 27 2010 08:19:00

White House Press Secretary Robert Gibbs talks about the role Republicans need to play in 2011.

Obama administration, Congress brace for new political realityupdated: Mon Dec 27 2010 08:19:00

A new political reality hits Washington next week, with the first split Congress since 2002 raising questions about whether the bipartisan cooperation of the recently concluded lame-duck session can continue.

Debt plan fails to get needed votesupdated: Mon Dec 06 2010 07:48:00

A bipartisan panel cannot get enough votes to recommend deficit-cutting proposals to Congress.

Fortune: Deficit reduction pleas fall on deaf earsupdated: Tue Nov 23 2010 12:49:00

Twenty years ago last month, a new breed of Republicans was asserting itself in Congress. President George H.W. Bush thought he had bipartisan support for a budget deal to tackle the deficit through steep spending cuts and some tax increases.

Draft deficit plan launches likely grueling political battleupdated: Thu Nov 11 2010 06:28:00

The release Wednesday of a draft proposal for reducing the federal deficit made clear how hard it will be to devise a sustainable plan that can win the necessary political support.

CNNMoney: $4 trillion in deficit cuts proposedupdated: Wed Nov 10 2010 18:01:00

In a surprise move Wednesday, the co-chairmen of President Obama's fiscal commission released their preliminary proposals to curb growth in U.S. debt.

CNNMoney: Deficit debate: Game onupdated: Wed Nov 03 2010 13:03:00

Many of the winners in the mid-term elections spent a lot of time pontificating about the perils of the nation's debt.

Zapatero says no further cuts plannedupdated: Fri Sep 10 2010 14:18:00

With a general strike looming on September 29, Spain's prime minister said Friday the government does not plan new cutbacks to shore up the sagging economy.

CNNMoney: Plan offered to avoid a debt crisisupdated: Tue Dec 15 2009 12:25:00

More than 30 leading budget experts on Monday prescribed a course for deficit reduction that the nation needs to take if it wants to "buy some breathing room" to avoid a debt crisis.

CNNMoney: Federal deficits: $9 trillion and countingupdated: Thu Dec 10 2009 11:10:00

In just over a month, the federal government's fiscal year will draw to a close, leaving in its wake one of the biggest annual deficits in U.S. history -- and a forecast of more record debt to come.

Obama should focus on jobs, not deficitupdated: Tue Nov 17 2009 11:40:00

Regardless of the outcome of the health care reform effort, the difficult issue of cutting the federal budget deficit is likely to move front and center in 2010.

CNNMoney: U.S. about to hit debt ceiling - againupdated: Wed Sep 16 2009 10:35:00

Congress has raised the debt ceiling four times in the past two years and will probably have to do it again in the next month.

Pay as you go?updated: Thu Jun 11 2009 11:12:00

In the face of mounting deficitis, President Obama wants to restore fiscal discipline. CNN's Jim Acosta reports.

Critics question 'pay-as-you-go' approachupdated: Thu Jun 11 2009 11:12:00

President Obama urged Congress to adopt a "pay-as-you-go" approach to federal spending in order to restore fiscal discipline, but critics say the president's call lacks credibility.

CNNMoney: Bonds fall as investors look to stocksupdated: Mon Mar 16 2009 19:01:00

Government bonds fall Monday afternoon after stocks end lower, letting go of early gains and snapping a five-day rally.

CNNMoney: Foreign purchases of U.S. debt riseupdated: Mon Mar 16 2009 10:46:00

Foreign purchases of U.S. debt increased in the first month of 2009, according to a Treasury report released Monday, easing some concerns that overseas investors have lost their appetite for U.S. debt.

CNNMoney: Obama pledges to cut nation's deficit in halfupdated: Mon Feb 23 2009 16:41:00

President Barack Obama pledged Monday to cut the nation's $1.3 trillion deficit in half by the end of his first term.

CNNMoney: U.S. deficit climbs to $402 billionupdated: Wed Jan 07 2009 08:26:00

The Treasury Department on Wednesday reported that $164.4 billion was added to the federal budget deficit in November -- bringing the total deficit for the first two months of the fiscal year to $401.6 billion.

Time.com: The Times Square Debt Clockupdated: Tue Oct 14 2008 17:00:00

Two weeks ago in midtown Manhattan, time stood still -- literally. After the country's debt surpassed $10 trillion, the marquee-sized debt clock in Times Square, which has kept a running tally of the U.S. national debt for nearly 20 years, ran out of digits. For a nation already struggling with a bleak economic reality, it was a less-than-reassuring display. Several news organizations quipped about such a literal "sign of the times," while the satiricial newspaper The Onion offered its own brand of gallows humor: "If everyone just donated one dollar, we would have enough money to buy a new clock."Luckily, citizens won't have to pitch in. New York real estate firm The Durst Organization, which owns and operates the clock, plans to install an updated model sometime next year that can display a quadrillion dollars. In the meantime, the company has hacked the current display to provide a temporary solution -- replacing the dollar sign at the front of the number number with an extra digit.

Ross Perot wants more focus on national debtupdated: Thu Jun 19 2008 19:14:00

Ross Perot is jumping back into the political fray, this time with a stern warning that the country better start paying attention to the national debt.

Perot: Focus on debtupdated: Thu Jun 19 2008 19:14:00

Former presidential candidate Ross Perot has launched a Web site to turn attention to the national debt.

CNNMoney: Senate passes fix for alternative taxupdated: Thu Dec 06 2007 21:05:00

The Senate voted Thursday to block a looming tax increase averaging $2,000 for millions of taxpayers after Senate Republicans succeeded in thwarting a Democratic plan to also raise taxes on investors.

One man's campaign against federal debtupdated: Wed Mar 28 2007 17:47:00

He has recently made stops in Iowa, New Hampshire and South Carolina, giving speeches and holding town hall meetings. But he's not seeking the presidency.

CNNMoney: Read Bernanke's testimonyupdated: Wed Feb 28 2007 10:30:00

The following is Federal Reserve Chairman Ben Bernanke's testimony before the House Budget Committee on Wednesday:

CNNMoney: Markets and the deficit: No fearupdated: Mon Dec 12 2005 11:37:00

NEW YORK (CNNMoney.com) - Who's afraid of the big bad federal budget deficit? Not the bond or currency markets.

CNNMoney: Affluent less confidentupdated: Mon Apr 25 2005 09:37:00

A survey finds affluent Americans growing more concerned about the state of the economy.

Missing Ross Perotupdated: Mon Nov 29 2004 14:57:00

WASHINGTON (Creators Syndicate) -- Forget all the snide knocks at the eccentric Texas billionaire, Ross Perot proved conclusively in his 1992 independent run for the presidency that even a losing candidate, with a strong message, can profoundly change national policy.

CNNMoney: Greenspan concerned with weak dollarupdated: Fri Nov 19 2004 08:32:00

Federal Reserve Chairman Alan Greenspan warned the U.S. must deal with the causes of the weak dollar -- the U.S. trade deficit and the federal budget deficit -- or the country could run into economic problems down the line.

CNNMoney: What the election really means to youupdated: Tue Sep 28 2004 16:33:00

George Bush and John Kerry disagree about lots of things, but when it comes to economics, they have the same message: Vote for me, and you'll be better off.

Fortune: Hear no deficit, see no deficit, speak no deficitupdated: Mon Aug 23 2004 00:01:00

There is an important question that, if asked of either presidential candidate during the upcoming debates, is guaranteed to elicit an evasive nonanswer. It goes something like this: "All the fisca...

Missed opportunitiesupdated: Wed Jun 23 2004 13:27:00

House Democrats missed two important opportunities last week.

CNNMoney: Do deficits matter?updated: Tue May 18 2004 10:45:00

Are the budget deficits, the national debt and the financial problems of the Social Security system smoke and mirrors -- that is, something our "all talk and no action" politicians just like to squabble about? Or are they something we really need to worry about?

CNNMoney: Like low rates? Thank Japanupdated: Tue Feb 10 2004 09:34:00

Who doesn't love low interest rates?

Money Magazine: What Do Bob & Bill Have Against Bush? The former Treasury Secretary and the world's foremost bond investor see trouble aheadupdated: Sun Feb 01 2004 00:01:00

The economy is surging, unemployment is shrinking, and the Dow has reconquered 10,000. So why then is Robert Rubin convinced the sky is falling?

Fortune: TV Networks Tune Out Economists The nets' coverage of economic issues in the primary season has been pitiful: In updated: Mon Mar 20 2000 00:01:00

One of the notable things about the presidential primaries so far is the largely superficial treatment given to the candidates' economic views. Charges and countercharges about tax reform, tax cuts...

Fortune: Fear of Fiduciary Prudence Grips D.C. Politics: What If The U.S. Debt Went Poof?updated: Mon Aug 02 1999 00:01:00

Could the national debt soon be an endangered species? Although $7.5 trillion in outstanding notes and bonds won't fade away quickly, the capital is agog with the notion that both the deficit and t...

Fortune: FOUR POSSIBLE FUTURES Forecasters and planners are already charting scenarios for the rest of the Nineties. Here is a quartet ofupdated: Mon Jan 25 1993 00:01:00

CHANCES ARE that the current decade has not been particularly kind to you. Even if you are not among the millions whose jobs vanished, you may be covering for a slew of fallen colleagues and workin...

Money Magazine: Tell us what you think about key issues WHICH TAXES WOULD YOU BE WILLING TO PAY TO CUT THE FEDERAL DEFICIT? updated: Fri Jan 01 1993 00:01:00

With this issue, MONEY launches a monthly readers' poll. In these pages, we will ask for your opinions on matters ranging from how to improve the quality of the nation's public schools to the best ...

Fortune: FIXING THE ECONOMY TAKING ON PUBLIC ENEMY NO. 1 Unless we get the federal budget deficit under control, our kids will need more updated: Mon Oct 19 1992 00:01:00

YOU SAY you've heard enough about the federal budget deficit? You know it will come to roughly $314 billion in fiscal 1992? You know the national debt grew from nearly $1 trillion ten years ago to ...

Fortune: SHOULD YOU WORRY ABOUT THE DEFICIT? Chicken Littles haven't talked the sky into falling. But look what's happening. If the debt'updated: Mon Oct 07 1991 00:01:00

IS THERE an economic phenomenon more frustrating than the federal budget deficit? For a decade it has mocked us, defying all efforts to eliminate it -- from the Gramm-Rudman-Hollings Act of 1985, w...

Fortune: THE COST -- AND HOW TO PAY With the allies kicking in as much as $50 billion, the U.S. should finance the war by borrowing -- noupdated: Mon Feb 25 1991 00:01:00

TO MERE taxpaying mortals, the dollars committed to Desert Storm look as awesome as the battle itself. Every time a cruise missile goes off, it's more than $1 million. Scud-busting Patriots cost so...

Fortune: HOW AMERICA CAN TRIUMPH America can grow much wealthier and provide world leadership for the coming century. It has to do a coupupdated: Mon Dec 18 1989 00:01:00

AMERICA ENTERS the 1990s bristling with opportunity. The spread of pluralistic, democratic capitalism -- a victory for American ideals and policy -- promises a world bound more tightly together, la...

Fortune: HOW TO FEEL GOOD ABOUT THE DEFICIT Just sidle up to these economists' seductive arguments about the blessings of borrowing. But updated: Mon Jun 05 1989 00:01:00

Want to worry less about the federal deficit? Have I got the book for you. Robert Heilbroner and Peter Bernstein have just published a slim and readable tome called The Debt and the Deficit (W.W. N...

Fortune: A BIG TAX ON GAS WOULD DO WONDERS Even a small increase at the pump would help trim the federal deficit, but a 50-cents-a-gallonupdated: Mon Dec 05 1988 00:01:00

The best way for the federal government to get its financial house in order? Increase the gasoline tax, substantially. Most proponents of this idea cite the need for more federal revenue and the vi...

Fortune: A WORLD-CLASS PESSIMISTupdated: Mon Sep 12 1988 00:01:00

The Democrats' main economic argument against George Bush is that his boss presided over a doubling of the national debt. The argument has been effective; it taps into the vague fear that terrible ...

Fortune: TRIM THAT SOCIAL SECURITY SURPLUS The huge buildup is bad for the economy and tempts politicians to spend, spend, spend. Yet, thupdated: Mon Aug 29 1988 00:01:00

ENTER the strange world of Social Security, as exotically inside out as the domain of black holes and anti-matter that physicists describe. Within the borders of this unexpected land the U.S. runs ...

Fortune: RECESSION? DON'T HOLD YOUR BREATH Expansions do not just die of old age, and FORTUNE's economists see no sign before 1990 of theupdated: Mon Jul 18 1988 00:01:00

SO YOU THINK a recession is bound to come before the end of next year. The expansion is aging -- it's so ancient it's creaking, you say. Well, think again. We're here to tell you it still has a way...

Fortune: TO THE U.S. FROM THE IMF: SHAPE UP! As America's foreign debt swells, the scourge of prodigal nations prescribes cutting the fedupdated: Mon May 23 1988 00:01:00

LAST MONTH'S 100-point drop in the Dow, triggered by disappointing news about the U.S. trade deficit, was a glint on the sword that hangs over the world financial system. In another month or so, Am...

Money Magazine: WHAT DID WE KNOW AND WHEN DID WE KNOW IT? A fond look back at 15 years of personal finance A CYNIC WOULD SEE A updated: Mon Oct 12 1987 00:01:00

''Our goal, which is a goal we think we can achieve during fiscal year 1972, is to operate with a balanced budget.'' -- President Richard Nixon, July 1970 1972 federal budget deficit: $23.4 billion...

Money Magazine: Investments: A stronger dollar lifts stocks and bondsupdated: Sat Aug 01 1987 00:01:00

A stronger U.S. dollar and steady interest rates propelled most of the major indexes to new records. Five times in June the Dow Jones industrial average set new highs -- the last at 2451.05 -- and ...

Fortune: THE COMING SOCIAL SECURITY SURPLUS The revenues pouring into the system could be a big problem if Congress doesn't handle them rupdated: Mon Mar 30 1987 00:01:00

The Social Security system is headed for unaccustomed trouble in the coming years -- gigantic surpluses. By the mid-Nineties the old age, survivors, and disability portion of Social Security will b...

Fortune: FORTUNE FORECAST THE GREAT FEDERAL SHRINK BEGINS AT LAST Reining in the budget will take a toll on economic growth. But offsettiupdated: Mon Mar 02 1987 00:01:00

DESPITE the seemingly endless dithering and prevarication, Washington has truly begun to attack the federal deficit. Progress will not be as impressive as President Reagan predicts -- his recent bu...

Fortune: THE DEFICIT IS WORSE THAN IT LOOKS Congress and the White House are focusing on the wrong numbers in the budget debate.updated: Mon May 12 1986 00:01:00

The manner in which the federal government represents its financial condition is woefully misleading. For all the debate about the exact costs of items in the federal budget and the very precise de...

Fortune: THE INTERNATIONAL 500 THE WORLD SHIFTS TO A SLOWER TEMPO updated: Mon Aug 19 1985 00:01:00

The American economy is shifting from a high-speed hustle to a sedate waltz, and the effects will be felt worldwide. Last year's roaring growth produced something for everyone. The recovery remaine...

Fortune: HOW TO CUT THE BUDGET The awesome federal deficit continues to grow at a frightening pace because spending is rising faster thanupdated: Mon Mar 04 1985 00:01:00

POLITICIANS, pundits, and most economists have come to agree that the federal budget deficit is the paramount problem facing the U.S. By ''the deficit'' they no longer mean the difference between t...

We recommend