US-Deficit surprisingly low
while in Michigan, Obama got news that the deficit is lower than expected. It only amounts to 1.3trillion instead of expected 1.65 trillion dollar.
news.yahoo
WASHINGTON (Reuters) - The U.S. budget gap widened slightly in fiscal 2011, staying above $1 trillion for a third straight year and providing fodder for a political battle over taxes and spending ahead of next year's presidential elections.
news.yahoo
WASHINGTON (Reuters) - The Obama administration is pulling the plug on a long-term, home-care program included in the 2010 healthcare reform law that Republicans have derided as a budget trick.
U.S. health officials said on Friday that after 19 months of analysis, they could not come up with a model for the so-called CLASS Act that keeps it voluntary and budget-neutral.
Obama, S. Korea's Lee hail trade deal
Washington (CNN) -- President Barack Obama and his South Korean counterpart hit the road together Friday, traveling to the heart of America's Rust Belt to tout a recently approved trade deal between Washington and Seoul.
Obama also used the occasion to defend his controversial 2009 bailout of the U.S. auto industry, which has shown recent signs of recovery.
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