"What if a president cut Americans' income taxes by $116 billion and nobody noticed?" That's the lede on a recent New York Times article, one talking about a tax cut called Making Work Pay (MWP). President Obama's staff was instrumental in crafting and passing the MWP, which was part of the Recovery Act. The tax cut is stealthy, in that its design spreads the benefits out in small amounts, in each paycheck, as opposed to a single, larger payout at tax time. It was so stealthy that, as the Times article notes, few people know that Obama signed into law a tax cut affecting 95 percent of taxpayers. In fact, the MWP was so stealthy the Times barely mentioned it until this week. So why is the Times surprised no one knows about the tax cut?

A new international comparison of budget transparency ranks the U.S. among the world's leaders, but highlights some areas for improvement.

Last Thursday, the Congressional Budget Office (CBO) released their last Monthly Budget Review (MBR) for the fiscal year. So how much debt did Uncle Sam rack up in 2010, you ask. Well, just under $1.3 trillion. This figure is $50 billion less than what CBO projected just last month and is "$125 billion less than the shortfall recorded in 2009." Everyone say, "Hooray" for deficit reduction.