economic stimulus

The official federal deficit numbers won't be out until next week, but based on this AP story we can already anticipate one point of confusion that makes it harder for the public to deal with this issue.

As the projections for the national debt keep going worse and worse, a lot of people are probably wondering one thing: Can we really get away with this?

This is budget week in Washington, with President Obama's "fiscal responsibility summit" scheduled for today, a presidential speech Tuesday and a proposed budget to be submitted Thursday.

Here are a few things to watch out for:

Everyone occasionally has spit-take moments over the morning news. For some people, the New York Times story, "China Losing Taste for Debt From U.S.," is one of them.

Welcome to the first edition of Facing Up’s “Budget Blogwatch!” The blogospere is swarming with information and debate surrounding federal spending and associated budget woes. Check back often for an updated report, featuring some of the web’s most popular and well-informed bloggers!