By Joseph Lawler | 04/17/14 03:45 PM
The enormous bailout of the U.S. financial system at the height of the financial crisis in fall 2008 is on track to cost the federal government $27 billion, the Congressional Budget Office estimated in a report issued Thursday afternoon.
04/17/14 02:45 PM
WASHINGTON (AP) — A Senate Democratic bill gradually increasing the federal minimum wage to $10.10 hourly would require private businesses to spend $15 billion more in salaries when it takes full effect in 2017, the Congressional Budget Office estimated Thursday. The nonpartisan budget...
04/17/14 01:16 PM
WASHINGTON (AP) — A report released Thursday by the nonpartisan Congressional Budget Office says President Barack Obama's budget request would mean significantly larger budget deficits than the White House claims. CBO says the budget plan proposed last month by Obama would produce deficits of...
By Joseph Lawler | 04/17/14 11:20 AM
President Obama's budget would not place the federal debt on a downward path over the next 10 years, according to projections released by the Congressional Budget Office on Thursday. The CBO, Congress’ nonpartisan budget scorekeeper, projected that if the president’s proposals were to go...
04/14/14 05:00 PM
WASHINGTON (AP) — A congressional report released Monday predicts slightly smaller deficits both this year and over the coming decade, with lower spending on federal health care spending being the main reason. A Congressional Budget Office report Monday said this year's deficit will now be...
By Joseph Lawler | 04/14/14 12:14 PM
The Congressional Budget Office projected Monday that the federal deficit will fall to $492 billion for fiscal 2014. At just 2.8 percent of gross domestic product, that would be the smallest budget shortfall as a share of the economy since 2007, and a significant drop from last year's $680...
By Philip Klein | 04/07/14 04:33 PM
It's a question that has been at the heart of the health care debate for the past five years, and one that has been the source of plenty of confusion and misinformation.
By Joseph Lawler | 04/01/14 11:14 AM
The Republican budget released Tuesday morning by House Budget Committee Chairman Paul Ryan includes projections that count on added revenue from faster economic growth -- a method often referred to as “dynamic” scoring.
By Philip Klein | 04/01/14 10:30 AM
Throughout his political career, House Budget Committee Chairman Rep. Paul Ryan, R-Wis., has alternated between being the Republican Party's courageous idea man and serving as one of its loyal soldiers.
By Joseph Lawler | 03/26/14 06:39 PM
House Financial Services Committee Chairman Jeb Hensarling is trying to draw attention back to the nation’s mounting debt ahead of midterm elections that are more likely to revolve around Obamacare. The Texas Republican scheduled a series of hearings on the debt, he says, after reading a...
By Paul Bedard | 03/12/14 06:41 PM
The Democratic chairman of the Senate Health, Education, Labor, and Pensions Committee declared Wednesday that cabinet secretaries do not have to answer questions at hearings if they don’t feel like it, the latest breakdown in collegiality. In a politically-charged atmosphere during a...
By Sharon Day | 03/11/14 05:43 PM
In politics, pundits are eager to pick winners and losers. If one interest group is winning, then another must be losing. The lone exception might be Obamacare, which to date looks like a loser for just about everyone. For workers, Obamacare has led to new questions about their coverage and...
By Joel Gehrke | 04/22/14
By Byron York | 04/21/14
By Meghashyam Mali | 04/21/14
By Justin Green | 04/22/14
By Susan Crabtree | 04/22/14