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Topic: Federal Deficit (page 7)

FILE - In this Dec. 9, 2009 file photo, Jacob Lew testifies on Capitol Hill in Washington. President Barack Obama says he will nominate Lew to serve as budget director. (AP Photo/Pablo Martinez Monsivais, File) (AP)

President Obama and David Axelrod

Niall Ferguson

Listen to Niall Ferguson, but ignore his advice

Obama at the G20 Conference

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(Â© Yuri Gripas / Reuters)

Peter Orszag

British Prime Minister David Cameron talks to President Obama on the phone in his office at Chequers, England, about the BP situation in the Gulf of Mexico, Saturday June 12, 2010. The leaking oil that has tainted the Gulf of Mexico is also threatening the political shores on both sides of the Atlantic, with a British company the villain. (AP Photo / Andrew Parsons , PA ) ** UNITED KINGDOM OUT NO SALES NO ARCHIVE ** (AP)

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Memo to economic advisors: Do your job

Larry Summers, director of President Barack Obama's National Economic Council, delivers a keynote address at the Future of Global Finance conference at Georgetown University's McDonough School of Business in Washington, September 18, 2009. REUTERS/Hyungwon Kang (UNITED STATES EDUCATION BUSINESS POLITICS) (Reuters)

House Minority Whip Eric Cantor of Va., walks to a caucus on Capitol Hill in Washington, Thursday, March 11, 2010. (AP Photo/Harry Hamburg) (Harry Hamburg)

GOP budget gimmick turns out to be popular

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House Minority Whip Rep. Eric Cantor (R-Virginia).

GOP wants to cut budget, .16 percent at a time

CHICAGO - APRIL 09: Shoppers carry their purchases along the Magnificent Mile shopping district April 9, 2010 in Chicago, Illinois. Recovering faster than other sectors of the economy, sales of luxury goods during March 2010 are up nearly 23 percent from a year ago but still remain well below March of 2008. (Photo by Scott Olson/Getty Images) (Scott Olson)

American decline isn't China's fault -- it's yours

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President Barack Obama takes questions from Republican lawmakers at the GOP House Issues Conference in Baltimore, Friday, Jan. 29, 2010. (AP Photo/Charles Dharapak) (Associated Press)

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Not quite a New Deal: Obama's jobs plan

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