Yesterday, the Congressional Budget Office (CBO) released their update to the forecast of the nation’s fiscal situation over the next decade. Today’s Breaking it Down will take a closer look at the CBO’s findings.
On Tuesday, the Inspector General (IG) for the Department of Health and Human Services (HHS) released a report detailing that contractors associated with the rollout of Obamacare exceeded their original estimated costs.
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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.