Editor's Picks

Deficit will take a dip before soaring to new heights

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The federal budget deficit will fall to a six-year “low” of $468 billion in 2015, before resuming an upward climb that will take the federal debt to record heights.

The numbers are the latest from the Congressional Budget Office, which had predicted a somewhat larger 2015 deficit of $483 billion. The 2008 financial crisis led to the highest deficit as a percentage of the economy on record since World War II — in 2009 it was $1.4 trillion.

Retaliation? White House Won't Meet with Netanyahu

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Neither President Barack Obama nor Secretary of State John Kerry will meet with Israeli Prime Minister Benjamin Netanyahu when he visits the United States in March.

White House press secretary Josh Earnest says Obama wants to avoid the appearance of endorsing Netanyahu in the upcoming Israeli elections.

But some see it as retaliation because Earnest also said Israel violated protocol by not planning the trip directly with the White House.

Netanyahu to address Congress on March 3, Obama not planning to meet with him

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Israeli Prime Minister Benjamin Netanyahu will address Congress on March 3, House Speaker John Boehner announced Thursday -- though President Obama does not plan to meet with him. 

The House speaker had invited Netanyahu to speak to lawmakers about the threat from Iran. The announcement caught the president off-guard, as the invitation was not cleared first with the Obama administration; such invitations typically are coordinated with the White House and State Department.