Congressional Budget Office

The Truth About the President and the Deficit

Bob Cesca | Posted 05.23.2012

Read More: U.S. Economy, Karl Rove, President Barack Obama, National Debt, Congressional Budget Office, Mitt Romney, Debt, Stimulus, Election 2012, American Recovery and Reinvestment Act of 2009, Deficit, Budget Deficit, Republican Party, Tarp, Bailouts, Politics News
Bob Cesca

Arguably the biggest lie coming from the Republicans and the Romney campaign is that President Obama is a tax and spend liberal who's directly and personally responsible for record deficits and a crushing national debt.

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Government Report Contradicts GOP On Dire Situation

Posted 05.23.2012

Read More: Automatic Spending Cuts, Politics News, Video, 2012 Elections, Super Committee, Cbo, Federal Deficit, President Obama, Elections 2012, Deficit Reduction, Gop, Congressional Budget Office, Recession, Barack Obama, Bush Tax Cuts, Politics News

A new government report said spending cuts scheduled to go into effect in 2013, coupled with the simultaneous expiration of Bush-era tax cuts, will sh...

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Government Squabbling Could Push The U.S. Into Recession, CBO Says

Reuters | Posted 05.23.2012

Read More: Organization for Economic Cooperation and Development, Video, Cbo, House of Representatives Speaker John Boehner, Spending Cuts, Reuters, Fiscal Cliff, Tax Hikes, President George W. Bush, Congressional Budget Office, Recession, Business News

* Fiscal restraint in 2013 could lead to contraction-CBO * No restraint over long run not sustainable-CBO By Lucia Mutik...

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CBO Issues Dire Warning On Bush Tax Cuts

AP | ANDREW TAYLOR | Posted 05.22.2012

Read More: Congress, Video, Cbo, Bush Tax Cuts Expiration, Cbo Report, Spending Cuts, Cbo Bush Tax Cuts, Congressional Budget Office Report, Congressional Budget Office Bush Tax Cuts, Pentagon Budget, Defense Budget, Congressional Budget Office, Pentagon Spending, Bush Tax Cuts, Politics News

WASHINGTON — A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending ...

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How Sarah Palin's Irresponsible Rhetoric Prevented Medicare Savings

Wendell Potter | Posted 05.14.2012

Read More: Dan Morhaim, Charles Boustany, Cbo, Advance Directives, Obamacare, Earl Blumenauer, Sarah Palin, Health Care Reform, Affordable Care Act, Living Wills, Medicare, Congressional Budget Office, Politics News
Wendell Potter

The Affordable Care Act might have been able to curtail Medicare spending further if it hadn't been for Palin, who charged that a provision of the law allowing Medicare to pay for end-of-life discussions would lead to government-run "death panels."

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Michael McAuliff

Obama's Lower Taxes Slow The Economy, CBO Says

HuffingtonPost.com | Michael McAuliff | Posted 04.20.2012

Read More: Taxes, Cbo, Ryan Budget, Tax Cuts, Obama Budget, Obama Tax Cuts, Congressional Budget Office, Bush Tax Cuts, Paul Ryan Budget, Video, Politics News

WASHINGTON -- Republicans have pounced on a Congressional Budget Office report Friday that says President Barack Obama's budget would add to deficits ...

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SNAP: Cutting What Works?

Marian Wright Edelman | Posted 04.20.2012

Read More: Agriculture Department, Agricultural, Supplemental Food and Nutrition Assistance Program, Food Stamps, Snap, Ryan Budget, Infant Malnutrition, Department of Agriculture, Hunger, Farms, Nutrition, Food, Farm Subsidies, Reduced Lunches, Families, House of Representatives Agriculture Committee, Free Lunches, Hungry, Cbo, Congressional Budget Office, Catholic Bishops, Child Hunger, Politics News
Marian Wright Edelman

The impact of more cuts on children and families who now receive a nutritionally adequate diet from SNAP would be devastating. Where is the justice in a vote to protect wealthy farmers over hungry children?

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Five Political Lies We Must Expose to Save Our Children

Gary Shapiro | Posted 04.17.2012

Read More: Deficit, Cbo, Gary Shapiro, Warren Buffett, Cea, Newt Gingrich, Congressional Budget Office, Barack Obama, Buffett Rule, Politics News
Gary Shapiro

Our nation is heading off a financial cliff, and both major political parties are in deceptive denial. It's time we as Americans put on our adult pants and started confronting the truth.

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Jeffrey Young

With Health Care Reform, Workers May Trade Insurance For Raises

HuffingtonPost.com | Jeffrey Young | Posted 04.16.2012

Read More: Health Care Reform, Jobs, Obamacare, Business, Health Care Costs, Health Care, Congressional Budget Office, Money News

Would you give up your health insurance for a raise? A minority of big companies offered extra pay to workers who waived their health benefits las...

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The President's Budget, the National Debt, and Ramen Noodles: The Debt-Paying Generation Speaks

Bill Beach | Posted 05.27.2012

Read More: Social Security, Affordable Care Act, President Obama, Ron Paul Campaign, Obama Administration, Congressional Budget Office, Ron Paul for President, Ron Paul 2012, National Debt, Obamacare, Barack Obama, Campaign 2012, Budget Deficiency, Occupy Wall Street, Tax Cuts, Youth Vote 2012, Election 2012, Aca, Politics News
Bill Beach

We aimed for a wide spectrum of opinions by people in and out of politics, on the left, on the right, cynics and optimists. What we found was a sampling of young adults who are concerned about the debt... and for a whole host of reasons.

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Paul Krugman: Despite Imperfections, The Affordable Care Act Will Do A Lot Of Good

The New York Times | Paul Krugman | Posted 03.19.2012

Read More: Mitt Romney, Affordable Care Act, Paul Krugman, Health Insurance, Obamacare, Health Care, Congressional Budget Office, Politics News

It’s said that you can judge a man by the quality of his enemies. If the same principle applies to legislation, the Affordable Care Act — which wa...

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The $7 Trillion Question That Haunts Banks

L. Randall Wray | Posted 05.16.2012

Read More: Mers, Foreclosures, Mortgages, Foreclosure Crisis, Subprime Mortgages, Marcy Kaptur, Lan Pham, Banking, Banks, Bankers, Foreclosure, Congressional Budget Office, Wall Street, Securitized Mortgages, Mortgage Crisis, Business News
L. Randall Wray

The banksters have no legal claim on the homes they are foreclosing. Foreclosure is theft. Any bank that used MERS has no legal claim on property -- there are 65 million such mortgages to which no bank has a legal claim to foreclose.

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Analysis Contradicts Obama Administration's Rosy Scenario

AP | ANDREW TAYLOR | Posted 05.16.2012

Read More: CBO Projections, Obama Cbo Budget, Cbo Economy, Video, Cbo, Obama Administration, Obama Budget, Obama Cbo, Congressional Budget Office, Politics News

WASHINGTON — A new analysis of President Barack Obama's budget for next year says the deficit scenario for next year isn't as rosy as the White ...

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Today's Most Important Finance Story: Lan T. Pham, Ph.D., Told the CBO the Truth About Mortgage "Securities" and Was Fired for It

Janet Tavakoli | Posted 05.16.2012

Read More: Cbo, Financial Reform, Lan T. Pham, Mortgage Crisis, Robo-Signing, Mortgage-Backed Securities, Systemic Risk, Congressional Budget Office, Ph.D., Foreclosure Fraud, Foreclosures, Mortgages, Foreclosure Crisis, Subprime Mortgages, Foreclosure, Business News
Janet Tavakoli

This knowledge isn't unique or new. What is new is that Dr. Pham brought this forward to the CBO and apparently this information is being suppressed and denied by the CBO and in congressional reports.

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Deficit Estimate Hiked

AP | ANDREW TAYLOR | Posted 05.13.2012

Read More: Deficit, Debt, Video, Deficit Cbo, Cbo, Federal Deficit, Federal Debt, Deficit Estimates, Budget Deficit, Congressional Budget Office, Federal Budget, Politics News

WASHINGTON — A new estimate from congressional economists says the government will run a $1.2 trillion deficit for the budget year ending just a...

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American Workers: The Best Bet

Leo W. Gerard | Posted 05.05.2012

Read More: Foreclosures, President Obama, Gm, United Auto Workers, Mitt Romney, Usw, United Steelworkers, Barack Obama, Big Three, Chrysler, Wall Street, Lehman Brothers, Auto Rescue, Congressional Budget Office, Bear Stearns, Uaw, President Bush, Auto Bailout, U.S. Economy, Economy, Labor Unions, US Economy, Unions, Business News
Leo W. Gerard

Three years later, after President Obama placed his faith in workers, the nation's economic outlook is brighter. As is that of GM and Chrysler. President Obama wagered on American workers. And it paid off.

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Gulf Coast Wants The RESTORE Act Passed Before A Potential BP Settlement

Susan Buchanan | Posted 04.18.2012

Read More: Supreme Court, Oil Rigs, New Orleans, U.S. Justice Dept., Bp, U.S. District Court, Exxon-Valdez Spill, Bill Nungesser, Senator Mary Landrieu, Tulane University, Plaquemines Parish, Clean Water Act, Congressman Steve Scalise, Morgan Stanley, Congressional Budget Office, Oil Pollution Act, Wildlife, Seafood, Green News
Susan Buchanan

Congressional delegates from Louisiana and other Gulf Coast states hope the bipartisan RESTORE Act will be passed soon and before a possible BP settlement with the feds so that BP fines go to coastal states and not Washington's coffers.

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Arthur Delaney

Stigma Of Long-Term Unemployment Boosts Jobless Rate

HuffingtonPost.com | Arthur Delaney | Posted 02.17.2012

Read More: Stigma, Unemployment, Unemployment Rate, Long-Term Unemployment, Unemployment Stigma, Unemployment Benefits, Congressional Budget Office, Business News

WASHINGTON -- The stigma of long-term unemployment is so bad that it actually contributes to a higher national unemployment rate, according to an anal...

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CBO: Tax Hikes, Defense Cuts, and Slow Growth -- One Vision for the Future

Fred Bauer | Posted 04.03.2012

Read More: Debt, Deficit, Obama Bush Tax Cuts, Economic Growth, Congressional Budget Office, Politics News
Fred Bauer

The assumptions made here by the Congressional Budget Office suggest a radically different federal government than we're used to, one that taxes more and one that spends more on various mandatory domestic programs and less on defense and discretionary programs.

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Study Reveals Interesting Result On Federal Workers

AP | ANDREW TAYLOR | Posted 03.31.2012

Read More: Federal Pay, Federal Benefits, Video, Federal Workers, Cbo, Private Sector, Federal Pension, Federal Worker Pay, Obama Pay Freeze, Congressional Budget Office, Public Sector, Cbo Federal Workers, Politics News

WASHINGTON — The average federal worker earns about 2 percent more than a private sector worker in a comparable profession, though the governmen...

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Despite Public Fears, Federal Deficit Actually Shrank From This Time Last Year

AP | By DEREK KRAVITZ | Posted 01.12.2012

Read More: Treasury Department, Video, Government Revenue, Congress, Federal Deficit, Public Debt, 2012 Election, Election Day, Interest Payments, Unemployment Benefits, Social Security Tax Cut, Congressional Budget Office, Business News

WASHINGTON -- The federal deficit was lower in the first quarter of the 2012 budget year than the same period last year. Yet, the imbalance remains hi...

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Very Few Of The Long-Term Unemployed Receiving Benefits

The Huffington Post | Harry Bradford | Posted 12.13.2011

Read More: Heritage Foundation, Npr, Video, Labor Market, American Recovery and Reinvestment Act, Unemployment, Long-Term Unemployment, Urban Institute, Jobs, Unemployment Benefits, Jobless, Congressional Budget Office, Center for American Progress, Kaiser Family Foundation, Business News

As the nation faces a labor crisis that refuses to let up, 7 million Americans currently receiving unemployment benefits may be running out of time to...

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GRAPHIC: Explaining The Federal Budget Deficit

The Huffington Post | Posted 12.13.2011

Read More: Taxes, Debt, Government Revenue, Gdp, Budget, US Federal Deficit, Government Spending, US Budget, Congressional Budget Office, Gross Domestic Product, Business News

Since as early as August, it's been clear that the United States federal deficit would top $1 trillion in 2011 for the third year in a row. At 8.7 per...

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Alexander Eichler

Jay Carney: Economists Didn't Know How Bad The Recession Would Get

HuffingtonPost.com | Alexander Eichler | Posted 12.09.2011

Read More: U.S. Economy, Jay Carney, James Galbraith, Stimulus, Congressional Budget Office, Recession, Barack Obama, Douglas Elmendorf, Video, Mark Zandi, Economic Stimulus Package, Martin Feldstein, Great Recession, Economists, Paul Krugman, Dean Baker, Great Depression, Business News

White House Press Secretary Jay Carney made a surprising assertion on MSNBC Wednesday, saying that in early 2009, as Barack Obama was taking office, t...

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The Essential Newt Gingrich -- Petty Tyrant, Thug

Paul Abrams | Posted 02.07.2012

Read More: Social Security, Freddie Mac, Inheritance Tax, Congressional Budget Office, Medicare, Arturo Ui, Gingrich, Orwell, Death Tax, Newt Gingrich 2012, 2012 Election, Elections 2012, Newt Gingrich, Politics News
Paul Abrams

No one has been more of a divider and promoted the ugliness of politics more than Gingrich -- and he now accuses supporters of the 99% movement to be "un-American" and divisive.

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