The Congressional Budget Office (CBO) released its annual report on the nation’s long-term budget outlook. The report details a coming fiscal crisis and states that US deficit levels are unsustainable.
The CBO’s new report projects growing deficits and greater risk of fiscal crisis.
On July 2, National Public Radio (NPR) reported that young people are working much less than their older predecessors.
In April, the Competitive Enterprise Institute (CEI) released a report, titled “Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State,” which gives a snapshot of the cost of U.S. regulations for the previous year.
On June 10, Investors Business Daily reported that excessive regulation is slowing the growth of the economy and the recovery. In the first quarter of 2014, the U.S. economy contracted for the first time since 2011.