Yesterday, the U.S. Bureau of Economic Analysis (BEA) released its advanced estimate for GDP growth during the second quarter of 2014. The economy grew at four percent during the second quarter compared to a 2.1 percent decrease during the first quarter.
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On Monday, the annual trustees reports for Social Security and Medicare were released. The reports are intended to provide an update on the current state of the Social Security trust fund and the Medicare hospital-insurance program.
Every week for the past year, The Washington Times has given out a Golden Hammer award for the week’s most wasteful government project. On July 10, the Golden Hammer celebrated its one-year anniversary by compiling all the examples of waste, fraud and abuse over the past year.