America's Debt Challenge

How does your mortgage deduction compare?

May 9:  In 2010, the average mortgage deduction among homeowners claiming it on their federal tax returns was $10,640. But the average deduction claimed in each state varied widely.  More

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  • Deficits are falling. For now

    Deficits are falling. For now

    Deficits are set to fall for several years, thanks to an improving economy and policies that will boost revenue and cut spending. But those policies won't do much to help long-term shortfalls.

    CNNMoney - Apr 22 2013 1:02 AM ET
  • Lawmaker: Seniors should pay more for national parks

    Lawmaker: Seniors should pay more for national parks

    Seniors should pay more to access national parks under, said one lawmaker during a House hearing on forced budget cuts on Tuesday.

    CNNMoney - Apr 16 2013 2:48 PM ET
  • What's in Obama's budget

    What's in Obama's budget

    President's $3.77 trillion proposal would cut deficits by another $1.8 trillion over a decade.

    CNNMoney - Apr 10 2013 11:58 AM ET
  • Obama's deficit reduction scorecard

    Obama's deficit reduction scorecard

    The president is expected to propose $1.8 trillion in deficit reduction. If adopted, that would bring total debt reduction during his tenure to $4.3 trillion -- a big cut but maybe not big enough.

    CNNMoney - Apr 9 2013 11:18 AM ET
  • Obama's tax agenda

    Obama's tax agenda

    To date, President Obama has raised tax rates on the rich, extended a few of his new tax breaks for the middle class, and kept their income tax rates down. Here's what the president will push for now.

    CNNMoney - Apr 8 2013 12:02 PM ET
  • The geeky debt fix that might work

    The geeky debt fix that might work

    It's controversial, but chained CPI, a different way to measure inflation, could help President Obama and Republicans cut a debt-reduction deal this summer.

    CNNMoney - Apr 4 2013 6:01 AM ET
  • Federal furloughs a non-event? Not so fast

    Federal furloughs a non-event? Not so fast

    Americans may not be seeing the effects of furloughs yet as many federal agencies have either delayed or are reviewing them. But courts are already facing them, and many more are coming soon.

    CNNMoney - Apr 4 2013 6:21 AM ET
  • Meat industry rescues federal workers

    Meat industry rescues federal workers

    The meat and poultry industries played a key role saving more than 9,000 federal food inspectors from furloughs as a part of bill that heads to President Obama today.

    CNNMoney - Mar 22 2013 7:23 AM ET
  • Which state has highest income tax rate?

    Which state has highest income tax rate?

    Take the quiz: Uncle Sam isn't the only one collecting tax money. State and local governments also get their slice.

    CNNMoney - Mar 26 2013 5:20 PM ET
  • Congress' bad budget habit

    Congress' bad budget habit

    Lawmakers, eager to avoid a government shutdown, will likely pass yet another temporary funding bill. But such band-aid measures undermine federal agencies' efficiency and effectiveness, according to a new report.

    CNNMoney - Mar 27 2013 2:10 PM ET
  • What's in the Democrats' budget

    What's in the Democrats' budget

    Democrats say their proposals would cut deficits by $1.85 trillion over a decade through a mix of spending cuts and tax increases.

    CNNMoney - Mar 13 2013 5:43 PM ET
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