Deficit

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February 4, 2014

Congressional Budget Office report: Budget deficit to drop to $514B

WASHINGTON (AP) — A new report released Tuesday says the U.S. government's budget deficit is set to fall to $514…
August 6, 2013

More layoffs hit Chicago public school system, 200 lunchroom employees terminated

NBC CHICAGO - Chicago Public Schools announced Friday that 200 cafeteria workers will receive layoff notices, bringing the total CPS…
February 25, 2013

Why Republicans are fighting Obama on the sequester

ANALYSIS - The drama around the $85 billion in federal government cuts due to start on March 1, known as…
February 19, 2013

Obama to press Republicans on averting cuts

WASHINGTON (AP) — President Barack Obama on Tuesday was to urge congressional Republicans to accept more tax revenue in order…
November 16, 2012

Sharpton, Jealous among civic leaders to meet with Obama on 'fiscal cliff'

theGRIO REPORT - With the so-called 'fiscal cliff' approaching at the end of the year, President Barack Obama is holding…
November 13, 2012

Grover Norquist: Obama campaign called Romney a ‘poopy head’

theGRIO REPORT - Anti-tax crusader Grover Norquist has his own opinion on why President Barack Obama won the elections: Mitt…
November 9, 2012

Obama: Wealthy must see higher taxes under plan

WASHINGTON (AP) - President Barack Obama made his first public comments Friday since the victory speech after his re-election, setting…
November 9, 2012

What is the 'fiscal cliff' anyway?

WASHINGTON (AP) - So just what is this 'fiscal cliff' that has the financial markets rattled and economists and policymakers…
July 18, 2012

How Obama would govern in a second term

ANALYSIS - If he wins a second term, President Obama is likely to make renewed pushes for comprehensive legislation on…
May 16, 2012

Budget deficit fight could leave blacks with bigger burden

theGRIO REPORT - This deficit-cutting focus could have severe negative effects, particularly for African-Americans. Look at what's happened in Europe....
May 8, 2012

President Obama sees first monthly budget surplus since 2008

The Congressional Budget office released data yesterday showing that the federal government has experienced the first monthly surplus of $58…
November 21, 2011

11/21/11 – the Grio and CNBC Market Update

VIDEO - In September sales declined 3 percent and housing inventory increased to 8 and half months of supply as…
September 19, 2011

Obama launches tax salvo at Republicans

WASHINGTON (AP) - President Barack Obama, setting up another clash with Republicans, will propose Monday $1.5 trillion in new taxes…
August 12, 2011

'Super' debt committee gets more diverse

OPINION - For a time, it looked like the debt committee wouldn't reflect the country whose financial future it's supposed…
August 11, 2011

Clyburn assigned to debt super committee

WASHINGTON (AP) -- House Minority Leader Nancy Pelosi's appointment Thursday of three Democrats to Congress' new debt-reduction supercommittee...
August 2, 2011

Why putting America back to work should be our priority

OPINION - Republicans have not introduced a single jobs bill since they took over the House in 2010. Elections have…
August 1, 2011

Deficit numbers don't lie, even when politicians do

OPINION - Data from the non-partisan, Congressional Budget Office (CBO) reveals the distinction between mathematical reality and political fallacy...
July 28, 2011

Psychology of debt talks is all in game of chicken

WASHINGTON (AP) - This is not political rhetoric. It's a real-life psychological negotiating scenario where it sometimes helps to seem…
July 28, 2011

BET founder weighs in on the debt crisis

VIDEO - "Evidently in Washington, there are no rational people.," this according to Robert Johnson, founder of Black Entertainment Television...
July 28, 2011

Is America in danger of becoming Detroit?

OPINION - Detroit is in dire straits these days, and the Motor City could give us a hint as to…