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Anyone who's even remotely following the narrative impact of our current economic woes on the deficit should be well aware that our government is living way beyond its means. And in fact, it was living way beyond its means in debt and liabilities even before this economic crisis began.

President Obama's announcement that he'll support so-called "pay as you go" legislation is getting most of the coverage today, but if you care about the federal deficit and national debt,

There's no shortage of depressing numbers in the news today, but one set of numbers in particular deserves to be flagged.

The economic crisis is taking its toll on all sorts of things, and it turns out Social Security and Medicare are no different.

The Obama administration will likely face a fierce fight over the $17 billion in budget cuts it proposed today – but don't t

Media pollsters of late have noted the remarkable uptick in public optimism about the economy since President Obama's inauguration.

More bad news has emerged from last week's Congressional Budget Office report: the surplus in the Social Security trust fund is now expected to dramatically dwindle next year -- about seven years faster than in the CBO's projections issu

As the projections for the national debt keep going worse and worse, a lot of people are probably wondering one thing: Can we really get away with this?

At least you can't say the federal budget is a back-burner issue anymore. With President Obama projecting an unprecedented $1.75 trillion deficit and proposing significant changes in taxes and spending, you couldn't ignore the nation's budget problems if you tried.

This is budget week in Washington, with President Obama's "fiscal responsibility summit" scheduled for today, a presidential speech Tuesday and a proposed budget to be submitted Thursday.

Here are a few things to watch out for: