budget deficit

As President Obama's personal lobbying on Capitol Hill this week seemed to bring him closer to Republican lawmakers as he talked about changes in Medicare and Social Security, Democrats offered the expected pushback.

Maybe the most surprising thing about President Obama's wining and dining of GOP lawmakers is the fact that it's surprising.

The major budget cuts looming on March 1 are a bad idea, whether you know much about them or not.

The two leaders of President Obama's 2010 panel on cutting the national debt, former Sen. Alan Simpson and former White House chief of staff Erskine Bowles, are back at it, offering a new compromise budget plan that builds on deficit reduction that's already been enacted.

The immediate frenzy over the fiscal cliff may have subsided, but the drama is far from over: Next on the agenda is a debate  over spending cuts - a debate that promises to be as rancorous as the one we've just seen.

Debate #1 moderator Jim Lehrer devoted a segment to the national debt. The discussion turned to Medicaid.

TSA stands by officers after pat-down of 95-year-old woman in Florida. The cancer patient was forced to remove her adult diaper during a screening a couple of weeks ago at the Northwest Florida Regional Airport, according to her daughter. The federal agency's statement: "We have reviewed the…

Dangerous heat wave continues: Five people have died from heat-related deaths as scorching weather continues to grip the East Coast, officials say.  The victims were at least 60 and all had pre-existing medical conditions - making them the most vulnerable in extreme weather. 

Faced with mounting pressure to put the clamp on a hemorrhaging federal budget deficit, the White House unveiled Monday a $3.7 trillion budget highlighting a plan that aims to cut more than $1 trillion over the next decade. So what does this mean for you?