Reporting on President Barack Obama’s desire for billions more of deficit stimulus spending, The New York Times‘ David Sanger and Sewell Chan report:

Lawrence H. Summers, the director of the National Economic Council and the economic adviser at Mr. Obama’s elbow, argued that the effects of last year’s $787 billion spending program had not fully kicked in.

President Obama’s stimulus may have only totaled $787 billion when Congressional critics first voted against it, but its costs have increased since then. According to revised accounting by the Congressional Budget Office released this January, because the … Continue Reading

Covering President Barack Obama’s trip to China a Helene Cooper, Michael Wines, and David Sanger by-lined piece in the November 14th New York Times begins:

When President Obama visits China for the first time on Sunday, he will, in many ways, be assuming the role of profligate spender coming to pay his respects to his banker.

That stark fact — China is the largest foreign lender to the United States — has changed the core of the relationship between the United States and the only country with a reasonable chance of challenging its status as the world’s sole superpower.

China is our … Continue Reading