Wonkblog: Federal budget

Blame voters, not Congress, for our budgetary woes

Blame voters, not Congress, for our budgetary woes

An NBC/Wall Street Journal survey released Wednesday asked 1,000 U.S. adults about what would make them more or less likely to vote for a congressional candidate. “Compromise” overwhelmingly topped the list, with 86 percent saying that they’d be more likely to vote for a candidate who “will work with members of the other party and compromise to get things done.”

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Obama budget would double bank tax size

President Obama's budget plan calls for a bank tax twice as big as the one he proposed last year, a further sign he wants to make anti-Wall Street sentiment a major part of his re-election campaign.

 The bank tax, also known as the "Financial Crisis Responsibility Fee," first appeared in Obama's 2011 budget and was projected to raise $90 billion over 10 years. A year later, in the wake of the mid-term elections and accusations from executives that Obama was "anti-business," the White House cut the proposal by two-thirds to just $30 billion.

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