By Scott Rasmussen | 03/06/14 05:38 PM
The standard media coverage of President Obama's new budget claimed the proposals will cut $600 billion in spending over the next decade. It was just about impossible, though, to find any media story mentioning some basic numbers that belong in any story about a new federal budget. How much...
By Joseph Lawler | 02/27/14 01:45 PM
Federal Reserve Chairwoman Janet Yellen lent credence Thursday to a Congressional Budget Office study of the minimum wage that White House economists had criticized for its finding that an increase favored by President Obama would cost 500,000 jobs. In an unusual criticism of the nonpartisan...
By Diana Furchtgott-Roth | 02/25/14 06:19 PM
As President Obama pushes to increase the minimum wage to $10.10 an hour, supporters continue to mischaracterize its effects. Despite a Congressional Budget Office report showing that 500,000 low-skilled people could lose their jobs by 2016 due to a higher minimum wage, some insist that...
By Susan Ferrechio | 02/25/14 04:47 PM
The Senate will delay action on legislation to raise the minimum wage even as House Democrats plan to spotlight their support for a wage increase by trying to force the House Republican majority to bring a measure to a floor vote.
By Scott Rasmussen | 02/21/14 01:38 PM
In the 1980s, a couple of ambitious young economists thought ski lift operators weren't very smart. The economists assumed that if the business owners charged more on busy days, they could make more money. as recounted in Knowledge and the Wealth of Nations by David Warsh, the economists saw...
By Nate Beeler | 02/19/14 04:50 PM
Cartoon by Nate Beeler/Cagle Cartoons.
By Meghashyam Mali | 02/19/14 03:59 PM
The White House on Wednesday downplayed criticism that they had unfairly attacked a Congressional Budget Office report on the minimum wage, insisting that they were “not going after” the nonpartisan agency.
By Terence Jeffrey | 02/19/14 10:57 AM
In his weekly address last Saturday, President Obama described his proposal to increase the federal minimum wage from $7.25 to $10.10 per hour in language suggesting this would not be a tax increase.
By Alan Fram | 02/19/14 08:13 AM
A report by Congress' nonpartisan budget analysts seems to have thrown Democrats onto the defensive after it concluded that the party's drive to boost the federal minimum wage could cost a half-million jobs by 2016.
By Joel Gehrke | 02/18/14 06:09 PM
White House economist Jason Furman rejected the Congressional Budget Office's prediction that a minimum wage increase will cost 500,000 jobs as out of step with the economic consensus. "This is not a piece of original research into the impact of the minimum wage on employment," Furman told...
By Joseph Lawler | 02/18/14 05:15 PM
Raising the minimum wage to $10.10 by 2016 would increase wages for 16.5 million workers but lead to a loss of about 500,000 jobs, according to an estimate from the Congressional Budget Office released Tuesday afternoon. The potential job losses projected by the CBO ranged from a "slight...
By Philip Klein | 02/18/14 04:07 PM
A new report by the Congressional Budget Office contradicts several arguments President Obama has advanced as part of his campaign to raise the federal minimum wage to $10.10 per hour.
By David Hogberg | 02/14/14 07:17 PM
Liberals have accepted that Obamacare will increase the federal deficit. They just don’t know it yet. When the Congressional Budget Office released its Budget and Economic Outlook on Feb. 4, which was quite devastating for Obamacare, liberal commentators were desperate to find the pony in...
By Washington Examiner | 02/12/14 06:57 AM
In May, as House Republicans prepared to vote to repeal Obamacare, Rep. Darrell Issa, R-Calif., prodded his followers on Twitter to describe the health care legislation in three words. A half hour later, the official White House Twitter feed responded with “It’s. The. Law.” and attached a...
By Timothy P. Carney | 02/07/14 03:04 PM
Obamacare will induce people to drop out of the work force, a recent congressional study reported. The Congressional Budget Office report, examining Obamacare's effects on the economy, predicted that the U.S. workforce would shrink by 2.5 million people. The cause: Low-income people get...
By Paul Bedard | 03/09/14
By Charlie Spiering | 03/09/14
By Joel Gehrke | 03/08/14
By Philip Klein | 03/06/14
By Joel Gehrke | 03/08/14