Powell Urges Congressional Panel to Tackle Budget DeficitsPowell Urges Congressional Panel to Tackle Budget DeficitsA large deficit will make it harder for Congress to cut taxes or boost spending when the next recession hits, Powell said. Associated PressAssociated Press
Report Shows US Deficit to Exceed $1 Trillion Next YearReport Shows US Deficit to Exceed $1 Trillion Next YearThe CBO's estimate is the first to reflect the hard-won budget and debt deal signed into law earlier this month.Associated PressAssociated Press