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On July 31, the Taxpayer Protection Alliance (TPA) released a report detailing billions of dollars worth of lawmakers pet projects found in the 2015 House and Senate defense appropriations bills. In total, the group identified more than 240 earmarks worth almost $20 billion.
Last week, National Journal reported that the Obama administration spent $840 million designing HealthCare.gov — the federal exchange system — and the 36 state insurance exchanges it helps to serve. Last Thursday, the Government Accountability Office (GAO) testified at a House Energy and Commerce Committee meeting and noted that a long series of management, oversight and contracting problems led to the cost surge.
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.
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.