Yesterday, the nonpartisan Congressional Budget Office (CBO) released its updated budget projections for 2014 to 2024.
The Bureau of Economic Analysis (BEA) announced this morning that the U.S. economy grew at an annual rate of 2.6 percent in the 4th quarter of 2013.
Voters have begun to say they trust the Republican Party more than the Democratic Party when it come to handling economic issues.
Yesterday, Senate Democrats engaged in an all-night talk-a-thon on environmental policy. Yet, as many news stories have acknowledged, this exercise amounted to mere hot air; even though they control the Senate, they have no plan for specific legislation or action.
In 2009, The Obama Administration Told The Public That If The “Stimulus” Were Passed, The Unemployment Rate Would Not Pass 8.0%. Despite The Enactment Of A Stimulus Bill That Cost More Than $1 Trillion, The Unemployment Rate Peaked At 10.0% In October 2009.
On March 4, 2014, President Obama released his annual budget proposal. In 2015, 69% of the $3.9 trillion federal budget would be spent automatically without any Congressional control. Under the President’s proposed budget, mandatory spending and interest payments would grow unchecked and consume 80% of all federal spending in 2024.
On March 4, 2014, President Obama released his annual budget proposal. Gross federal debt has increased by $6.836 Trillion (64.3%) in just 5 years under President Obama. Under the president’s new proposal, debt is projected to grow by an additional $7.1 trillion over the next decade.
Except for a report that indicated new home sales in the U.S. increased to a five-and-a-half year high in January, there were very few positive economic reports last week.
The U.S. Commerce Department this morning announced its updated estimate for fourth quarter economic growth. In an report released last month the agency estimated the economy expanded at a 3.2 annualized rate in the last three months of 2013.
Last week’s indicators showed a softening in both the housing and manufacturing sectors.