On Monday, the Mercatus Center released an analysis of the long-term cost projections of the Medicare Program found in this years’ trustees report. Today’s “Top 5 Things To Know” will take a further look at the Mercatus report.
A new study found that Cash For Clunkers hurt the industry it was supposed to help by reducing auto manufacturer industry revenues by $3 billion.
On Tuesday, the Treasury Department released its monthly budget statement, which showed a $94.59 billion deficit in July.
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.