NATIONAL
February 14, 2012 | Kathleen Hennessey and Christi Parsons
President Obama called for more spending on community colleges, job training, infrastructure, and research and development as he touted an election-year budget that seemed to complete his shift in focus from budget cutting to job creation. Arguing that the country can't "cut our way to growth," Obama delivered a $3.8-trillion budget plan to Congress and blew through a promise to cut the deficit in half by the end of his first term. Obama's budget projects a $1.3-trillion deficit in fiscal year 2012 and $901 billion in 2013, both over the $700 billion that would have made good on his pledge.
WORLD
February 10, 2012 | By Anthee Carassava, Los Angeles Times
Greece's precarious financial and political situation was shaken further Friday by a nationwide strike and a wave of Cabinet resignations over demands by the European Union for ever-deeper spending cuts. Four Cabinet members — two Socialists and two far-right conservatives — quit their posts in protest over the demands. Their exit forced Prime Minister Lucas Papademos to consider an urgent reshuffle to stanch the tide of defections before a crucial parliamentary vote on the austerity measures, scheduled for Sunday.
NATIONAL
January 14, 2012 | By Alana Semuels, Los Angeles Times
When Rick Santorum stood in front of voters at a yacht club in this small town and pledged to slash government spending, especially entitlement programs, Nancy Garvin knew she had found her candidate. Garvin, 54, said she was sick of seeing government squander money through agencies that don't do anything, and wants expenditures cut "in half. " "Washington is throwing money away through a lot of wasteful spending," she said, sitting at a picnic table beneath trees draped in graying Spanish moss.
NEWS
January 3, 2012 | Mark Z. Barabak
Deeply divided, angry and unsettled, the country faces a presidential election of unusual significance this year, as candidates sort through the causes and consequences of the Great Recession and fight over how best to stoke the nation's fragile recovery. Both sides agree the 2012 contest will turn on big issues, not the trivialities -- flag factory visits, candidate wardrobe critiques -- that characterized past campaigns. But as voting starts Tuesday in Iowa, the consensus ends there.
NATIONAL
November 20, 2011 | By Lisa Mascaro and Michael A. Memoli, Washington Bureau
Congressional leaders are negotiating an endgame for the "super committee" that could come as soon as Monday as Democrats and Republicans blame one another for what appears to be the panel's failure to come up with a $1.5-trillion deficit reduction plan. Despite a flurry of last-minute proposals and closed meetings, it appeared increasingly unlikely that members of the bipartisan committee could compromise on the contentious issues of taxes and entitlement spending that have deadlocked the talks.
OPINION
September 26, 2011 | By Tom Campbell
With Congress showing little sign of being able to agree on a budget, the battle has now shifted to authorizing a temporary extension of the government's ability to spend money without a budget. Without such an extension, most government spending would have to stop, throwing the country's finances once again into chaos. And even if an extension is passed now, it would expire Nov. 19, forcing a replay of the whole ugly spectacle. A similar situation occurred in 1995, the year I returned to Congress after a special election.