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Spending Surge Pushing Deficit Toward $1 Trillion

Congressional leaders and both presidential candidates are proposing billions of dollars in tax breaks and other measures to stoke economic growth, a surge in spending that could send the federal deficit soaring toward $1 trillion this year, creating the deepest well of red ink since the end of W...

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-17-2008
Obama Adds $60 Billion to Economic Plan; McCain Expected to Unveil Proposals Today

TOLEDO, Oct. 13 -- Democrat Barack Obama advocated an immediate and expensive economic assistance package Monday, while Republican John McCain readied a set of specific new proposals of his own, as the candidates entered a three-week sprint toward a presidential election that appears certain to turn...

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-13-2008
House Rejects Financial Rescue, Sending Stocks Plummeting

A bipartisan rebellion in the House killed a $700 billion rescue plan for the nation's financial system yesterday, sending global stock prices plunging, prompting fierce recriminations on the presidential campaign trail and dealing President Bush his worst legislative defeat.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-29-2008
Debate Still in Limbo as Democrats Blame McCain For Interrupting Process

The first debate between John McCain and Barack Obama, scheduled for tonight, remained in limbo last night after the presidential candidates left a White House meeting without a deal on a $700 billion economic rescue plan.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-25-2008
McCain Embraces Regulation After Many Years of Opposition

A decade ago, Sen. John McCain embraced legislation to broadly deregulate the banking and insurance industries, helping to sweep aside a thicket of rules established over decades in favor of a less restricted financial marketplace that proponents said would result in greater economic growth.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-16-2008
Housing Bill Won't 'Perform Miracles'

Even as a huge bipartisan majority in the Senate voted yesterday to send a sprawling housing bill to the White House, economists, consumer advocates and other analysts said the package of programs for struggling homeowners and shaken mortgage lenders is unlikely to relieve the foreclosure crisis ...

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 07-26-2008
McCain Offers Tax Policies He Once Opposed

On May 26, 2001, after then-Sen. Lincoln D. Chafee (R.I.) cast his vote against President Bush's $1.35 trillion tax cut, he trudged back to his office, convinced, he recalled, that he had been the lone Republican to oppose the largest tax cut in two decades.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 04-24-2008
McCain's Plan for Working Class Offers Plenty for Corporate World

Sen. John McCain yesterday offered sweeping rhetoric about the economic plight of working-class Americans, promising immediate assistance even as he spelled out a tax and spending agenda whose benefits are aimed squarely at spurring corporate growth.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 04-15-2008
As Candidates Warm to Bush Tax Cuts, Economists Warn of Long-Term Effect

When President Bush pushed big tax breaks through Congress in 2001 and 2003, Sen. John McCain (R-Ariz.) joined Sen. Hillary Rodham Clinton (D-N.Y.) and other Democrats in opposing them as fiscally reckless. But now that McCain and Clinton are running for president, neither is looking to get rid of.....

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 03-27-2008
Democrats Knock McCain's Economic Views

Sens. Barack Obama and Hillary Rodham Clinton yesterday sharply criticized presumptive Republican presidential nominee John McCain's views on the housing crisis, illustrating a wide gap between the two parties on how to fix the ailing economy.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 03-27-2008

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