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.
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.
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.
James Fallows of The Atlantic talks to weekends on All Things Considered host Guy Raz about President Barack Obama's compromise on providing reproductive services mandated by health care law after resistance from religious institutions and his latest cover story for The Atlantic on Obama's demeanor and a recent deal reached with five of the biggest banks in the country to pay back individuals whose homes were wrongly foreclosed on.