Kicking the fiscal can down the road is analogous to driving a car off the cliff.
It's a wake-up call for elected officials: Fiscal policy is on the wrong path.
President touts deficit that's been cut by two-thirds under his administration’s policies.
Spending on entitlement programs is projected to rise to twice their historical average.
The federal budget deficit for fiscal 2014 reached $377 billion by the end of February, the...
The number is a $61 billion drop from last year, according to the CBO.
Three Democrats voted for it, while four Republicans opposed it.
After recent local elections, populist anti-European forces are again on the march.
The CBO estimate is lower than its projection for Obama's previous budget.
The new projected deficit would be 2.8 percent of GDP.
House Democratic Whip says Republicans prevented serious talks.
Conservatives are feeling the sting from a series of losses.
It's the first deficit below $1 trillion of Obama's presidency.