When President Obama unveils his budget Monday, it will project a $1.3 trillion deficit this year, and just under $1 trillion in 2013. It would increase spending on education, research and development and transportation. It would also increase taxes on the wealthy and cut spending, including on defense.
Presidential budgets are almost always aspirational documents. They lay out a vision, not what the president actually thinks will happen.
Stung by a series of defeats earlier this week, Mitt Romney got a much-needed boost Saturday with a win in the straw poll of the Conservative Political Action Conference and a victory in Maine's nonbinding caucuses.
Yet Romney walked away without delegates and tallied fewer votes there than he did four years ago. This time, he barely beat rival Ron Paul.
A poster reading "The Peseta is back" and displaying pictures of pesetas notes is pictured in Salvaterra de Mino, northwestern Spain. Some areas in Spain are returning to the former currency to weather Europe's debt crisis.
There was one little-noticed part of this week's announcement about the $25 billion national mortgage settlement. North Carolina's banking commissioner, Joseph Smith Jr., will take over a new role and serve as independent monitor. He'll oversee the five banks which agreed to new mortgage loan servicing and foreclosure standards.
Under a new permit issued by the Environmental l Protection Agency, Albuquerque has six months to improve its plan for dealing with storm water runoff. KUNM’s Conservation Beat reporter Sidsel Overgaard has more.
Okfuskee County in Oklahoma is the birthplace of Woody Guthrie, who would have turned 100 this year. Much of the economic problems Guthrie sang about were from what he saw in the county, which was once the largest all-black community in the country. Guthrie's music still resonates there, especially in the town of Boley, where hope is hard to come by. Logan Layden of State Impact Oklahoma reports.
Well, every single state in the country will get a piece of that $26 billion to help troubled homeowners keep their homes, every single state except Oklahoma. The attorney general in Oklahoma decided to opt out of the multistate settlement to hold banks accountable for questionable lending and foreclosure practices.
Scott Pruitt is Oklahoma's attorney general, and he joins me now on the line. Attorney General, welcome.