President Barack Obama pushed back against critics of his health care plan with a stern warning that absent reform, costs will continue to rise and eventually devastate the U.S. economy.
The federal budget deficit has surged to an all-time high of $1.42 trillion as the recession caused tax revenues to plunge while the government was spending massive amounts to stabilize the economy.
The award of the Nobel Peace Prize to President Barack Obama has many puzzled Americans scratching their heads. "They wanted to give him an honor I guess but I can't think what for."
The chairman of the Republican Party is contending that President Barack Obama won the Nobel Peace Prize as result of his "star power" rather than meaningful accomplishments.
President Barack Obama on Friday won the 2009 Nobel Peace Prize.
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GOP senators irked by Obama health plan letter
Obama takes aim at 'deceptive' health ads
Federal deficit triples from year ago
Many in U.S. stumped by Obama's Nobel win
GOP chief scoffs at Obama winning peace prize
Barack Obama wins Nobel Peace Prize
Barack Obama wins Nobel Peace Prize
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Why the CBO cost estimate is so important
CBO: Health care bill to cost $829 billion