The vast majority of tax breaks in the U.S. tax code would be hard to cut because they promote important social goals or are “hugely popular” with voters, according to a new congressional analysis that casts doubt on Republican promises to substantially lower tax rates without adding to budget deficits. Read full article > >

Read more:
Tax breaks would be tough to cut, congressional research says

BT says it will pay £2bn into its pension scheme under a new nine year plan to wipe out the scheme’s deficit.

Continue reading here:
BT pays £2bn into pension scheme

To reduce deficit as president.

Read the original here:
Romney: I’d ‘Get Rid’ of Planned Parenthood

BEIJING — While the U.S. trade deficit with China continues to soar, a surge in U.S. exports is emerging as a bright spot in the often-troubled trade ties between the world’s largest economy and its largest foreign creditor. Read full article > >

Originally posted here:
U.S. exports to China boom, despite trade tensions

View full graphic There is a simple reason health care in the United States costs more than it does anywhere else: The prices are higher. That may sound obvious. But it is, in fact, key to understanding one of the most pressing problems facing our economy. In 2009, Americans spent $7,960 per person on health care. Our neighbors in Canada spent $4,808. The Germans spent $4,218. The French, $3,978. If we had the per-person costs of any of those countries, America’s deficits would vanish. Workers would have much more money in their pockets. Our economy would grow more quickly, as our exports would be more competitive. Read full article > >

Here is the original post:
Why an MRI costs $1,080 in America and $280 in France

President Obama was aloof to the proposals of a panel he created, but later adopted many of them in a modified form, a sign of his larger struggle with the politics of deficit reduction.

See the rest here:
A Measure of Change: Obama’s Unacknowledged Debt to Bowles-Simpson Plan

Much like their earlier meeting this season, Maryland ’s rematch with Miami on Tuesday was fraught with wild swings of momentum. But this time, in the supportive confines of Comcast Center, Maryland came away with a badly needed victory, storming back from an early deficit for a 75-70 victory . Read full article > >

Visit link:
Maryland basketball vs. Miami: Terps rally late for win

For all the talk in Washington about taxes and deficits, Jefferson County, Ala., is a place where government finances, and government itself, have simply broken down.

Originally posted here:
Jefferson County, Ala., Falls Off the Bankruptcy Cliff

Federal Reserve Chairman Ben S. Bernanke is testifying before the Senate Budget Committee Tuesday morning about the state of the U.S. economy and the nation’s fiscal health. Bernanke is expected to warn lawmakers against impeding near-term economic growth in the name of cutting a long-term budget deficit. And he is expected to defend the Fed’s policy of keeping interest rates near zero to stimulate the economy — all in line with Bernanke’s testimony last week before the House Budget Committee. Read full article > >

See original here:
Bernanke expected to warn lawmakers against hampering growth

TAMPA — There’s no question the Washington Capitals would rather have picked up two points here Tuesday night instead of only one in an overtime loss to the Tampa Bay Lightning . But the mood in the visiting dressing room was more positive than morose as the Capitals prepared for the second leg of back-to-back games in Florida. Read full article > >

View post:
Capitals vs. Lightning: Washington rallies from two-goal deficit before falling in overtime at Tampa Bay, 4-3

The campaign trail can be a lonely place, so Mitt Romney frequently invites friends to accompany him. New Jersey Gov. Chris Christie is an occasional companion. So is Virginia Gov. Bob McDonnell. But more often, Romney brings a large clock. Read full article > >

Continued here:
Doing the math on Obama’s deficits

Raising revenue remains the draw for most, but some wonder whether profits from Internet play would make any significant differences to deficits.

See more here:
More States Look to Legalize Online Gambling

Shadow chancellor Ed Balls says Labour will support a pay freeze for public sector workers in order to help reduce the deficit.

Read more:
Balls supports public pay freeze

ATHENS — Deeply indebted and nearly bankrupt, this Mediterranean nation was forced to adopt tough austerity measures to slash its deficit and secure an international bailout. But as the Greek economy slides into free fall, critics are scanning the devastated landscape here and asking a probing question: Does austerity really work? Read full article > >

Link:
In Greece, fears that austerity is killing the economy

Romney’s proposal will ad $180 billion to deficit.

Here is the original post:
Republican Tax Plans Will Increase Debt