Let's Pop the Deficit Bubble
By Will Marshall
The U.S. Treasury recently reported that the federal deficit will hit a record high of $311 billion for the first half of the fiscal year, thanks in part to plunging corporate profits and revenues. The report was greeted with stifled yawns by official Washington.

Running on Empty
By Paul Weinstein Jr. and Katie McMinn Campbell
Bush has busted the federal budget. Here's how Democrats can save $1.8 trillion and restore some fiscal order.
Plus: A Progressive Plan to Cut $1.8 Trillion from the Federal Budget