The CBO’s new report projects growing deficits and greater risk of fiscal crisis.
Yesterday, the Treasury Inspector General for Tax Administration (TIGTA) reported that the largest IRS tax scam of its kind ever is hitting taxpayers across the nation.
On Tuesday, President Obama revealed his budget proposal for fiscal year 2015. It proposes $3.9 trillion in spending, while raising taxes in an effort to reduce the debt. The President’s budget has no real chance of passing Congress, but has become a rallying point for Democrats of where they want to begin budget negotiations.
After a one month delay, today President Barack Obama will finally release his fiscal year 2015 budget outline
Quick quiz: you’re booking a flight from Washington, D.C. to Los Angeles for later this year. Imagining yourself in your economy seat, what could be the most annoying part of your future flight?
A follow up report recently released from the Treasury inspector general for Tax Administration (TIGTA) showed that top officials at the Internal Revenue Service (IRS) had neglected to pay taxes on expenses they accumulated for out-of-town travel.
The fiscal year 2014 budget conference committee is set to release its plan this week (the deadline set out by the government shutdown agreement calls for it to be released by Friday). The proposal reportedly will not include tax increases, but will raise revenue.
With the Obama Administration’s deadline for fixing HealthCare.gov passed (read what the president’s hometown Chicago Tribune said about the administration’s efforts), the next date on which Washington is focused is Dec. 13.
A new study published by the Mercatus Center looks at the many policy decisions that have led to Washington’s growing budget deficits. The study analyzes federal deficits from three different perspectives in order to provide a comprehensive understanding of the policy decisions that have led to our historical fiscal imbalance; the policy decisions that have created our current year deficit; and the major contributors to the deficit. Here are some top findings from the study:
How many government jobs do you think the federal regulatory state supports? Before we give you that answer, we wanted to note this little-known fact: overshadowed by the federal health care exchange website outages is the news that the federal government’s primary regulatory hub, Regulations.Gov, has crashed two times in the last week.