The National Transportation Safety Board wants to lower the drunk driving limit. Bloomberg has the story.
The Congressional Budget Office announced Tuesday that it now expects the federal budget deficit for fiscal year 2013 to be $642 billion, about $200 billion less than was previously estimated. While the reduction is good news, $642 billion is still a lot of money…
While some economists see deficit emphasis as an impeding recovery, the Congressional Budget Office says the only thing worse for the economy would be no deficit emphasis.
“We don’t have an immediate crisis in terms of debt,” President Barack Obama said today, during a discussion of the federal deficit and budget talks with Congress in an interview aired by ABC News’ “Good Morning America.”’ “In fact, for the next ten years, it’s gonna be in a sustainable place.”
This month, the Congressional Budget Office (CBO) released its “Budget and Economic Outlook” for 2013-2023. The report includes information on a ballooning debt, skyrocketing healthcare costs and an unemployment rate that is at the highest level of sustained unemployment in 70 years. The report makes it clear that policies in Washington aren’t addressing the serious effect that government spending is having on our economy.
This week, the nonpartisan Congressional Budget Office (CBO) released a new report that gives a shocking glimpse into our fiscal future if we continue on our current trajectory. But on the same day, President Obama said that our economy was poised for growth in 2013 as long as we continue to make the right “investments.” So did all this spending really help get our economy back on track, or are we just setting ourselves up for more pain down the road? And will the president detail his plans to cut spending in next week’s State of the Union address?
Today, the nonpartisan Congressional Budget Office (CBO), the official scorekeeper of Congress, released its annual “Budget and Economic Outlook.” The outlook is a measure of where the U.S. is heading based upon current law for fiscal years 2013 to 2023. Here’s what you need to know from the CBO’s report.
The Congressional Budget Office (CBO) today released an updated score showing that repealing the Affordable Care Act would cut $890 billion of new spending. While the CBO predicts the law will reduce the deficit by $109 billion over the next ten years because of the new taxes contained in the bill, a majority of the spending won’t begin for another two years
A roundup of this morning’s must-read budget and economic stories.
The nonpartisan Congressional Budget Office (CBO) today released a report warning that if current spending habits continue, U.S. public debt in relation to the economy will more than double in 25 years. Furthermore, in just 14 years it will exceed 109 percent of GDP…