National economics correspondent, The Wall Street Journal

The Energy Bust: How Much Like Tech in 2001? — The drop in oil prices over the last six months has already produced the swiftest drop in the number of U.S. oil rigs in the ground, according to an analysis by Goldman Sachs.

Oil Price Drop Hurts Spending on Business Investments — Prospects for an uptick in business investment this year are facing a major drag: The collapse in oil prices is spurring significant cutbacks for the energy-production industry, which had been a standout in an otherwise lackluster U.S. expansion. Business capital spending increased 6% last year due to gains from a broad base of U.S.

White House Sees Opportunity in Republicans’ Budget Divisions — In division, there may be strength. Or so says the the White House's budget chief in assessing the chances of a deal to roll back across-the-board spending curbs known as the sequester.The split within the Republican Party over adhering to caps on military spending boosts the odds of striking a deal with Democrats to lift the sequester, said Shaun Donovan, director of the White House Office of Management and Budget, in an interview Thursday.

Republicans Offered Their Budget Proposals. Now What? — Now that the House and Senate Republicans have both offered their budget blueprints, attention turns to what Congress can agree on. Both budget blueprints promise to balance the budget over 10 years. And both promise to do so by relying wholly on spending cuts.

Republicans Spar Over Military Spending Contingency Fund — WASHINGTON-A plan in the House Republicans' budget proposal to stay within 2011 caps by increasing military spending in a special contingency fund has sparked criticism from multiple quarters. Many Republicans argue that the Defense Department needs a bigger budget to ensure national security at a time of myriad threats, and they won't support a plan with military spending lower than the level proposed by the White House earlier this...

House Republican budget plan calls for more military spending, ending health law — House Republicans unveiled a budget proposal Tuesday that would eliminate the federal deficit within 10 years, largely by overhauling Medicare and Medicaid and other social safety-net programs. The budget blueprint, the first completed by new House Budget Committee Chairman Tom Price (R., Ga.), maintains last year's overarching focus on eliminating the deficit, with savings also generated by a repeal the Affordable Care Act.

Five Things to Look for as Republicans Roll out Their Budget Proposals — Republicans are back in control of both chambers of Congress for the first time since 2006 and will use that perch to offer their budget blueprints this week, offering the first look at how they plan to follow through on a pledge to eliminate deficits over the next 10 years.

House Republicans expected to boost supplemental war funding in budget — House Republicans, looking for ways to increase military spending in their fiscal year 2016 budget without busting spending caps enacted four years ago, are expected to boost supplemental war funding in their budget to be released Tuesday.

Budget Referee Sees Less Deficit Reduction in Obama’s Proposal — The nonpartisan Congressional Budget Office sees President Barack Obama 's budget proposal for the year beginning Oct. 1 reducing deficits over the next 10 years by $1.2 trillion. That is less than the $2.2 trillion in cuts forecast by the White House in its budget.

U.S. Budget Deficit Down 1% in February Versus Last Year — The U.S. budget deficit fell slightly in February from a year earlier, leaving deficits largely in line with last year's levels, which were the lowest in six years. The government ran a $192 billion deficit in February, a month in which outlays typically exceed revenues as tax refunds are mailed.
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